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- BTC/EUR is extending bounce off 20-DMA which is strong support (currently at 7930).
- Technical indicators are biased higher. We see weakness only on break below 20-DMA.
- RSI strength seen at 54 levels with scope for further upside. Stochs are also biased higher.
- 5-DMA at 8214 is immediate support, while daily cloud base at 9291 is immediate resistance.
- Break into daily cloud could see upside till 100-DMA at 10070. Further upside only on break above.
- Breach at 20-DMA support could see weakness till 4712 (Feb 6 lows)
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