The $60,000 level above is a large, round, psychologically significant figure, and an area that I think short-term traders will be targeting.
At this point, the market is probably going to continue to look at that as a major support level, and the fact that we have bounced the way we have during the Friday session also suggests that we are ready to go higher.
Because of this, I have no plans on selling, but if we were to break down below those couple of hammers, I think that the Bitcoin market could go looking towards the $40,000 level, especially if the 200-day EMA gets pierced to the downside.
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