BTC (Update)

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BTC dumped hard from the $53000 resistance. It is bouncing from the support zone. Bitcoin need to hold the support area of 50000 - 50500 otherwise things turn bearish and we see a retest of lower support of $48000. This seems like a correction to liquidate over leverage positions and hunt stop loss. The market is bullish as long as BTC trading above 50000.
What is your prediction?
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Update:
BTC (Update)
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