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7.16 BTC
On the BTC daily chart, the previous day saw a surge on a volume spike and pushed up to a high. Yesterday, it immediately turned and fell, closing with a bearish candle that has a long upper wick. In plain terms, it just can’t move up anymore, and trading volume has also contracted. A lot of profits have been taken and funds are exiting, and the market has officially entered a phase of a high-level pullback to pause. $BTC
MACD has already formed a death cross, meaning the red histogram bars that represent bullish momentum are shrinking further and further, and buyers’ strength is getting weaker. The short-term moving averages have also started to turn down and press the price. This pullback’s trend is basically already set. $EVAA
Short around 64,800–65,300, target 63,500 and 62,500
$HYPE