Whenever bitcoin reaches the upper zone of the main trendline and creates a bearish divergence, it dumps. Is it going to overextend to $7.7k and then dump? Or $7.4k was the local top? That is the question.
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It seems $7.4 was the local top. Next target is $5.6k but I expect to test $5.1k. If it does not hold, welcome to capitulation!