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BITCOIN IDEA

BITCOIN is forming a Head & Soulders pattern on daily time frame. Weekly closed below support. If 43K is broken, we can see a deeper move to 39K-38K which will find the 61.8% fibonacci level ($38324), a weekly support (39K), as well as weekly RSI hitting a support on 48.11 level, if a deeper downward move happens on BTC.

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