BTC Technical Update: Still No Plans for Swing Longs 📊 It’s been about half a month since my last BTC chart update (see quoted tweet below), so here’s a quick rundown on my current technical bias for BTC. As mentioned in yesterday’s update (x.com/market_beggar/status/196...…), maybe it’s the three-day US stock market break, but even with price sitting right at the STH-RP level, BTC just refuses to make a move. Technically, BTC has printed a small stop-hunt structure on the lower timeframes. Normally, that could be enough to spark a local trend reversal and a bounce. But as marked in red on the chart, the low from this stop-hunt lines up almost exactly with the previous low on 07/05.
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The stock price trends of the two companies also confirm this divergence. During the August market, SBET's share price rose from $17 to $25, an overall increase of approximately 50%. BMNR's share price rose from $30 to $70, an increase of over 130%, significantly outperforming the former. As BMNR gradually gained recognition from mainstream investors and opinion leaders, the competitive landscape of ETH treasury companies has seen a clear shift in direction.
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$MLN $15 is coming Open long thank me later
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