🚨 Market Update - 👀

Another bearish day for Bitcoin yesterday, reaching -6% from the Daily Open as crypto follows the dump in the stock market. We have reached a critical level. Notice the reaction so far from the green support trendline, and yesterday's close just about held the daily close from August 5th ($53.9k.) With these levels respected we most likely get a period of consolidation here before any reversal.

We really want to see this green trendline respected at each daily close, but I do not rule out a move to $52k-$51k where there is still significant liquidity.

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