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Ethan Research
This is the RSI of $BTC on the 6-hour timeframe. You see, it’s converging around the 50 average level. That means there’s a 50% chance of going up and a 50% chance of going down. Trading right here could lead to liquidation or hitting stop-loss due to long candle wicks. Therefore:
1. Wait to see which direction the price will break out.
2. Plan to buy or sell far away at the two zones of support and resistance, which are 81k and 87k respectively.
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