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DEC 11: Bitcoin 1-day chart: Bitcoin dropped nearly 9% after reaching a yearly high at $44,729.
As shown in the shared chart last week, a bearish RSI provides a boost for short-term traders aiming for profit.
Weekly support is near $39,972, trendline support at $38,000, and Daily MA 50 at $37,365.
In a bull market, the Daily MA 50 serves as strong support, so it's crucial to keep an eye on this area to position yourself.
CPI : DEC 12
FOMC : DEC 13