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Well BTC Did blown off higher after absorbing panic selling due to higher CPI than Expected.

Now its up against the supply zone in LTF where it has Small FVG around 71.4k and buy stops above the Monday High 72.8k which may be the price magnet of this Rally.

However Losing 67.5k as support will initiate Break of structure which means it should correct towards 60k.

Bullish for Long Term but we may see some kind of roller coaster in the Short-term

@cryptosignals

Forex Tradings
Forex Tradings
Well Yesterday's Price Action literally killed Alts due to the BTC.D going Upside. Although BTC Didn't close H4 below 69k which means Bulls fighting which means Today we can see the Blow Off Move Higher. Invalidation same H4 close below 69k @cryptosignals
Well BTC Did blown off higher after absorbing panic selling due to higher CPI than Expected.

Now its up against the supply zone in LTF where it has Small FVG around 71.4k and buy stops above the Monday High 72.8k which may be the price magnet of this Rally.

However Losing 67.5k as support will initiate Break of structure which means it should correct towards 60k.

Bullish for Long Term but we may see some kind of roller coaster in the Short-term

@cryptosignals
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How Does Bitcoin Work?

Bitcoin is built on a distributed digital record called a blockchain. As the name implies, blockchain is a linked body of data, made up of units called blocks that contain information about each and every transaction, including date and time, total value, buyer and seller, and a unique identifying code for each exchange. Entries are strung together in chronological order, creating a digital chain of blocks. “Once a block is added to the blockchain, it becomes accessible to anyone who wishes to view it, acting as a public ledger of cryptocurrency transactions,” says Stacey Harris, consultant for Pelicoin, a network of cryptocurrency ATMs. Blockchain is decentralized, which means it’s not controlled by any one organization. “It’s like a Google Doc that anyone can work on,” says Buchi Okoro, CEO and co-founder of African cryptocurrency exchange Quidax. “Nobody owns it, but anyone who has a link can contribute to it. And as different people update it, your copy also gets updated.”

Well BTC Did blown off higher after absorbing panic selling due to higher CPI than Expected.

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