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April 9 Bitcoin Update – BTC Rejected from Light Blue Zone, Bullish Rebound off Orange Trendline

Yesterday $BTC was rejected from the light blue resistance zone, and overnight there has been a bullish rebound forming. I think we could get some upside today, and the light blue resistance zone will be a key target to monitor. The forecast for inflation data is that we could see better than expected data, which could cause the markets to rally this week.

BTC Update – Orange Support Line Broke, Red Zone is Providing Support

The orange support line did not hold for $BTC, and the red zone is providing support headed into tomorrow’s inflation data.

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