as of this moment, btc does not look so hot.
the reaction i expected from the key level from my last post found 0 demand, which means we go lower.
what i had as a level for bullish invalidation has now become the downside target of this move.
i've got a way to interpret it, which still manages to give us one final leg up, but i don't think it's going to go as high as i had originally anticipated.
a break of the trendline on my chart, and btc drops into the crypto abyss.
the reaction i expected from the key level from my last post found 0 demand, which means we go lower.
what i had as a level for bullish invalidation has now become the downside target of this move.
i've got a way to interpret it, which still manages to give us one final leg up, but i don't think it's going to go as high as i had originally anticipated.
a break of the trendline on my chart, and btc drops into the crypto abyss.
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it's actually starting to look quite bullish. if the local low holds, we're back in business 💰