Short

Train to hell for BTC

I'm already afraid to make forecasts of this kind, but everything that is happening on the chart now looks like an impulse downward movement, which if we break through it promises to be very epic, because we have accumulated a huge number of stops at about the same level. The price has already been trying to break through the resistance level 3 times and apparently wants to do it again. Also, the forecast is disappointing from the traditional markets (SPX and Chinese indices) - everything looks like an impending strong correction there - since bitcoin strongly correlates with SPX (I mean during the SPX falls), this also confirms this forecast.

candlered

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