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Bitcoin has broken out of a parallel consolidation channel after a retest. This may mean a potential for continuation of the down trend after recent gains
Looks like the uptrend is over after trend break and EA pair is now in a down trend. Divergence seen on MACD though not always very reliable was a trend reversal warning.
So it has just retraced to 68.1 Fib levels after a strong impulse and will possibly head down towards next support levels of 1.56612 and then 1.56573 .. This will make reasonable take profit ...