In the 4 hours chart, we see a bullish trend line, and the resistance zone of the highest peaks in the market has formed an ascending triangle. This triangle has been successfully brokenand retested as a new strong support zone that has been rejected upwards. Once confirmed, a strong bullish trend towards the previous highest peak in the market can be expected.
A bullish W-formation has formed on the daily chart, which could possibly be overextended.
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This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
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