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BTC looks set to test the psychological support of $7,000. Acceptance below that level would expose the April 1 low of $6,425.
An unexpected close today (as per UTC) above $7,425 (doji candle high) would confirm a short-term bullish doji reversal and allow a minor corrective rally, possibly to $7,800–$8,000.
Only a convincing move above the weekly 50-MA would abort the bearish view. Meanwhile, a break above $9,990 (May 5 high) would imply a bullish reversal.
