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Today’s report will include:

• Updated Technical Analysis

• Other key market developments

• Market Psychology

• Trading Tools

Bitcoin when to Buy the Dip? 📈 

In Today’s analysis -Bitcoin- the correction came but lower still lurks, there is structural untested support that can offer a great buying opportunity and/or long trade.

Points to consider ✍️ 

• HTF Channel Support

• Bullish Order Block Support

• Support Zone Retest

• Range Low Support

Bitcoins lower structural support is a technical trade location that has not been retested, holding this support zone will solidify a bullish retest.

The Bullish Order Block adds significance to this region, five days of price action has been traded here before impulsing higher, the same can occur once it retests the area .

If Bitcoin fails to hold above this channel support, it will find acceptance back within its old channel. This will be considered extremely bearish with the target being the channel low.

Overall, in from Bitcoin Insider’s perspective, Bitcoin requires patience from a swing perspective, how price reacts around trade location needs to be used upon discretion/ management of the trade.

Hope this analysis helps.

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Bitcoin Insider bouncing back to work, See you in the next one! 👊