BTC has been hit hard recently with the sell off from china news. If we hold above 4,000 I expect it to consolidate in the area before deciding on its next move. If we break below I look at possible 3,600 bounce or 3,000 as major supports.
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Broke R1 and now using it as support
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Huge panic dump from china news. If R1 which is now support holds, expect a bounce if not expect a touch to 4,000 again.