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So far this week, $BTC has failed to establish acceptance inside the November–January range left behind during the bear market.
That range, between roughly $80K and $97K, formed the market’s first major relief rally.
A rejection on the first attempt back from the lows is hardly surprising.
But if BTC continues failing to accept above $87K, the probability increases that price sweeps some of the liquidity below before making another attempt.
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