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Not a good looking for BTC after yesterday's dump which we are seeing price got rejected right after it retested the 200 EMA on the 4hours time frame. The most likely scenario is that we could still see s drop to sweep the liquidity below before continuing higher. Based on my thesis, we are very close to the bottom right now,, just we are still at the manipulative price action as well as volume and liquidity is low. So this is becoming my worst case scenario for now. A wick below $102k will come very very fast.
Yo guys, I was very quiet and didn't give you update earlier.. Not without reason. Instead, I see that it's just a good time to stay in the side line. With this price is getting compressed between the EMAs and the slower RSI volatility, it's not a good time to open any position. This means that anything can happen in this current price action, market is now digesting about what's going on in the market. All eyes on CPI today, it's important to notice whether the inflation is cooling down or it's still getting hotter. Cooling down inflation means confident heading to the rate cut. But a hotter CPI might not be a good result. Watch out and stay safe my baby! Enjoying time with family for now..
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