Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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Over the last days Bitcoin has been ranging. Range is marked on the chart. On the downside we can see strong high volume wicks which indicate buying activity. On the upside we see resistance (D breaker) tested many times and unsuccessful rejection of this level. Range broke and the High retested from the upside, combined with the above analysis could lead to a leg up. My HTF bias is still bearish, so a Swing Failure Pattern above the last Swing High would lead to me short.