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Is this just another dip... or something bigger?
Once again $BTC is running into heavy selling, with bears stopping every recovery attempt and keeping the pressure on.
#Bitcoin could not break back above the key resistance near the recent highs, and price has started moving lower again. The rejection around the 63.2k area shows sellers are still in control.
At the same time, the long wicks and strong reactions near the 58.1k support show buyers are paying attention. This may not be the final move down, and if selling starts to slow, good buy the dip opportunities could begin to appear.
For now:
Trend: Short term bearish
Structure: Rejected from resistance
Focus: Stay patient and wait for confirmation before opening heavy long positions
The market is cooling off. Stay ready because the next high probability entry could come before the next big move higher.
#StakeUSD1Earn9.48%APR #TradFiCFDGoldMasters