$BTC More downside loading …



The bear flag I pointed out earlier today has now broken down, and price has found acceptance below it.

With this move, we also broke below an important support zone.

Because we lost this support, it’s highly likely that the 61k low gets swept next.

While it’s not impossible that we see bullish momentum return after the sweep, I currently expect a continuation to the downside.

This entire rally looked fragile from the start and was driven primarily by short covering and market manipulation.
BTC-3.09%
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TheTreeInTheCenterOfMistValley
· 2h ago
Liquidity below is waiting to be eaten
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MoonlightDisconnectSwitch
· 2h ago
61k sweep sounds reasonable, waiting for a fake breakdown.
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MintCondition
· 2h ago
Let's wait until we've scanned 61k before seeing if there's a rebound.
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SlippageSiren
· 2h ago
This structure looks like it will continue to decline further.
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GateUser-509018a9
· 2h ago
Manipulated things will eventually have to be returned.
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StakingDaydreamer
· 2h ago
rally fragile, you are absolutely right
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PuppyLooksAtTvl
· 2h ago
Don't rush to buy the dip; wait until the structure stabilizes.
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