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Super important level right here.
Bitcoin is attempting to break the downtrend from $126,000.
If we push through here and close above, $74,400 comes fast and after a weekly close above that, much higher is on the cards.
If we reject here again, then I would have to assume we're going for the range low $60k sweep.
We do have the conditions brewing for a short squeeze here as funding has flipped deeply negative, whilst Coinbase premium flipping nicely positive.
Let's see how PA develops and keep it simple.