BTCUSD Local supports and resistances formed here

As we can see price started a local rise and pump from the 40K$ support zone.

and stop near 44K$ so based on Fibonacci levels, new supports now formed here that we can expect the continuation of the rise from these areas.

as we said before only if 40K support zone here break market is bearish and price can dump also main resistance ahead is red trendline resistance that only after a valid breakout to the upside we can expect pump.

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