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Gm and happy Wednesday! ☕️
$BTC Update & Hyblock Heatmaps
The Bitcoin chart is actually pretty simple.
1. Breakdown from the continuation pattern
2. Sweep of the low
3. Bounce to the 65.7k key level
Now the question is only this:
Do we get a bearish retest followed by another move down to low 50s? Or is BTC ranging or forming a bottom here.
Alerts are set, another breakdown would be another clear short opportunity for me.
To go long, I need to see more strength first. The trend is your friend. And the trend is still down.
But as said yesterday, if we get a move up from here, many assets could present us a nice rally.
Have a great day and see you soon!