@cyberspacechase
BTC New High Fakeout: Liquidity Grab Complete, Bearish Technicals Ahead ⚠️
Yesterday, after BTC broke to new highs, there was no strong follow-through; instead, it slowly dipped back below the new high. With the PPI data coming in way above expectations, BTC saw a sharp dump—confirming this was a classic "fake breakout" (Stop Hunt).
TL;DR:
From a charting perspective, I’ve flipped my mid-term bias from bullish (since 8/3) to bearish.
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