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BTC - What Does a Bearish Scenario Look Like?
Looking at the selloff just now, probably heavily linked to macro - PMI came in hot today. This now opens up a greater possibility of dropping further, and realize the bearish divergence on (daily) momentum to play out.
That said .. if you zoom out on the weekly.. 85k to 80k show a confluence of support if we do get a bearish breakdown here. Not a huge drop but I'm sure alts will bleed more against BTC in that case, and the timeline sentiment will sour
That said .. if you zoom out on the weekly.. 85k to 80k show a confluence of support if we do get a bearish breakdown here. Not a huge drop but I'm sure alts will bleed more against BTC in that case, and the timeline sentiment will sour
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