source avatarCryptoFrog 🐸

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$BTC is still holding on for dear life at these levels… The FINAL major level of support at $75k is still holding quite strong, but we have also seen $76k act as resistance, which has caused price to compress heavily between the two levels. This compression will likely result in a major liquidation event in either direction. However, with the lack of strong buying pressure around $76k, I have a feeling it’s going to be a move to the downside. The most positive short term sign for the bulls right now would be a move and 4H close back above $76k, which price has struggled to achieve. We will probably continue to see price compress at these levels throughout the weekend, and the next big volatile move will likely come after the next weekly candle opens.

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