We currently have two possible scenarios from here:


1. We hold this level and form a double bottom, meaning $60k really was the cycle low.
2. We lose $60k and continue trending lower...(which, personally, is the outcome I think is more likely)
Given the current macro backdrop, I struggle to see any strength in risk assets in the short term.
Historically = further downside pressure for $BTC.
BTC-2.05%
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