Summary:
- The bitcoin market is experiencing a strong rally that has us testing the strength of the $8,300 resistance level.
- So far, the support level at $8,090 is holding and as long as the daily candle doesn’t close below the support level the market is poised for a retest of the $8,500s.
- If we see a close below the $8,090 support we will likely see a retest of deeper support at $7,700.
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