BTCUSDT new supports and resistance formed here 70K or 50K ?

As we can see the price now is receiving a 64K resistance zone and we can expect a dump here like red arrows.

any breakout to the upside here can make the market bullish again and then price can pump more like green arrows.

Two important zones now are the purple zone and line mentioned on the chart if the support break price can fall easily and in that local resistance of 64400 breaks then the price can continue pumping.


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