đ¨ Bitcoin Alert: Rejection at MA200 đ¨
Bitcoin is now facing a strong rejection exactly at the MA200 â a critical bearish signal for the market. đ
đ Key Observations:
⢠Late August Resistance: Remember how MA200 worked as resistance in late August? Weâre seeing a repeat.
⢠August Crash & Pull-Back: Following the crash on August 5th, we witnessed a pull-back as prices moved up, but once they hit resistance⌠the market trembled.
â ď¸ Whatâs Happening Now?
Two days ago, Bitcoin hit the MA200 and today we are confirming its impact. The uptrend is losing momentum, and candles are starting to shrink. This reversal is happening on low volume, signaling weakness. The fast rise is slowing down and curvingâ the charts donât lie!
đĽ Prepare for a Drop: As the market reversal unfolds, brace for lower levels ahead.
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