On the hourly chart


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On the hourly chart we see how choppy the price action is. Currently BTC is hovering just below the 37.3K resistance. If BTC breaks out to the upside then the next resistance zone is 40k and 42.5K. Price above 42.5K could cause some form of short squeeze. Potentially this could push the price to 48k. In case of a breakdown then I want to see 33.7K to act as support.

by @TraderIVMarko

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