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- #1
Unfortunately BTC dropped to 116k but it is in an area where the price could possibly rebound and get going again. If it drops below 116k and starts to point down towards 115k it would be a good idea to think about opening a short with the possibility of it reaching 110k or less, but if it rebounds we would have to consider a long towards 120k again with the possibility of breaking and reaching 130k in the medium to long term.