BTC Technically 16-9-21


Bitcoin's intraday trend is regaining its track and rushing even higher. The low reached 47350 and rebounded. The price is currently running at the position of 48074, and the high has risen. The trend on the hourly chart is running above the middle area, and a gap of the upper path is opened. The continuation market has a possibility of the position going up again, and the trend going up, so we can take long positions with the trend, and it is not recommended to hold short positions for long time.

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