Bitcoin is testing the consolidation wedge resistance
Bitcoin is testing the 47600 resistance. This resistance is the consolidation wedge upper resistance after the strong swing down from 53000. A rejection here would lead to a swing downside to 44000. Look for the downside reversal here and search for the short trade entries as we expect a larger swing down before the upside continuation to an uptrend line support 35000.
Note: look for the short trade entries with the stop loss above 47800
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