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Bitcoin has retested the VAL level that was broken during the decline, with a negative funding rate indicating a large accumulation of short positions currently.
With the CVD indicator rising, we may very well see a bear trap at the market open on Monday.
The condition for upward movement is a 4-hour candle closing above the VAL level currently being tested at above 67,100.
Targets are the POC + VAH levels at 70-71K.
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