I believe we can possibly reach the 40k range short term before a bounce, we haven't had a real bounce on the weekly in this uptrend, a reset and bounce up will give up good momentum, similar situation happened in Sept 2017. Anything below this range could prove fatal, but we expect anywhere between 40-present area to be good buying area for the next leg up. Just my own short term opinion due to recent actions, not financial advise.
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Almost there
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Looks like we reached the 200 EMA on the daily from here, let's hope now we have a strong reversal.