derzzycharts

BTC Failure Scenario

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BINANCE:BTCUSDT   Bitcoin / TetherUS
Here we have the continuation of the bear market situation. This was the situation that I thought would be most likely. If bonds continue to fail and the dollar continues to climb, this is the most likely scenario. Looking for a rise in the RSI to about 70 and a failure around the 22700 level.

The dollar remains in a bull market and bonds remain in a bear market.
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