BTC will be possibly good entry above this first resistance line

Safer entry the higher resistances it breaks however. Catching knifes is a real fine art and one that can be tricky even for the more educated. So play this level at your own risk, or wait till a bit higher maybe above 3800 to rebuy if it is passing that level with ease.

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Also another notable thing is the RSI has been diverging as this dumping has been in play, I also listed other reasons why it could very well be bullish short term on my twitter yesterday @Polnikz.