Lots of FUD and talk but not sure if people bothered looking at this chart, BTC is still within long term uptrend channel, there is another trend line support just above channel trend line
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$BTCUSD broke down from the purple trend line. Blue channel trend line is in play now. Not expecting $BTC to go below $7200, not at least in this wave, it must see $9-10k first.
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Closing this idea as Bitcoin has dropped way below the channel and attempt to get back into it failed.