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$BTC
This drop was expected as price repeatedly swept the highs while leaving the lows untouched, making market participants feel comfortable in their long positions.
The major HTF target of 60K has now been swept, and this isn't the time to turn bearish. This is the time to become bullish and start accumulating.
The market will likely begin targeting longs next, creating a psychological sense of safety for shorts.
That's how real bear market bottoms are made.
$BTC
{spot}(BTCUSDT)