$BTC Premium Analysis
August 8, 2021
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BIAS:
Mid-Term: Bullish
Short-Term: Neutral
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Less than 7 hours away from our weekly close and BTC is still holding extremely strong above its newly adjusted POC (Point of Control) at $41,588.5. That's the main level we'll be looking for a potential retest and spot/low leverage long positions.

After breaking out of such a high volume consolidation range, we can expect this POC to hold as support and probably take us to our new Red Box resistance (also our original mid term target) at $50,532).

It all depends on our weekly close now, and we're likely having one of the most bullish ones in a very long while…

Up Probability: 57% - Down: 43%
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Higher range boundary (now resistance) expected to hold this beast’s price action. Our Premium Members are about to enjoy this high probability, lower risk catch❤️✅

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