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Bears getting very frisky this morning into a retest of the breakout.
They were really starting to sweat the last few days and you can sense their relief and am seeing lots of them already victory lapping.
"This was obvious"
"Short massively in profit as always"
"Bulls are in trouble here"
But right now Bitcoin is retesting a 6 month breakout whilst above the Gaussian Channel and 100D SMA.
Bears victory lapping here already whilst above all of these is like bulls victory lapping at peak resistance.
Just don't do it, lol.
The bulls actually have reason to feel some positivity where we are due to the key breaks of trend we have had on the daily and weekly.
There it merit to it.
Atm this is just a retest of trend break after 4 weeks of higher prices.
Start losing all these trend breaks then the bears can be more confident.