BTC - Use Caution

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Just wanted to provide a quick update. With todays daily close we did see a bearish signal. Not only did we see a railroad track, but also the daily RSI get rejected twice off overbought conditions (70). Therefore do not be surprised if we do see a pullback from these levels.

To negate these bearish signals we need to see two things happen. The first would be closing a second candle above the 100k level. The second would be closing the daily RSI back above the 70.

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