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BTCUSD TECHNICAL ANALYSIS (RAED CAPTION)

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current price: 98020

after hitting highest of all time BTC has entered in sphere of retracement. all D1 candles of this week have established a bearish trend and market is trying to stabilize itself. currently market is working under parallel channel. if market rejects 98500 then its next move will be 94500.

key points:

resistance: 98500 and 99850
support zone: 94650 and 91500
demand zone: 94650

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