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Bitcoin fell again yesterday after encountering resistance at a key level, providing another excellent short-selling opportunity.
This resistance zone has been discussed many times before; resistance not broken does not constitute any bullish or reversal conditions. The first principle of price action analysis is: no predictions, no guesses, only deduction.
Only act on the observed market conditions; if the structure is bearish, the direction is bearish. Deduction alone does not necessarily constitute a trading plan.