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๐ŸŽข Bitcoin's wild ride continues! BTC took a 5% nosedive in an hour, now hovering around $66,000. But hey, don't panic! This could be a healthy reset, clearing out market leverage and setting the stage for new price discoveries. ๐Ÿ’ช

๐Ÿ”ฅ $400 million in Bitcoin and altcoins got liquidated in this dip, causing funding rates to go negative. But according to QCP Capital, this swift correction is mainly due to liquidations on retail trader-favorite platforms like Binance. ๐Ÿ“‰

๐Ÿ“Š Bitcoin's RSI is back to a neutral 50, a crucial point for maintaining uptrends. Plus, the narrowing of Bollinger Bands on daily charts hints at a potential breakout. Remember the rally from $45,000? We might be in for a similar treat! ๐Ÿš€

๐Ÿค” What's your take on this? Is the market just taking a breather before the next bull run? Or are we heading for a bearish season? Drop your thoughts below! ๐Ÿ‘‡ #Bitcoin #DeFi #Web3 #CryptoMarket

P.S. Dogwifhat is now the third-largest meme coin, overtaking Pepe Token. Just another day in the crypto world! ๐Ÿถ๐ŸŽฉ