🚨🚨 #Bitcoin Update, MUST READ!! 🚨🚨

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Is the bottom in for $BTC ? Are we ready to pump? Find out in this post.

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In this post, I'll explain what we can expect for #BTC going forward.

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Let's start with the previous trade setup:

As I said in the quoted post, wait for the confirmation to see if the 68.4k support holds; it didn't hold. We literally fell right through it.

I hope no one entered this trade since there was no confirmation, and this was invalidated eventually.

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Current situation update:

On the daily time frame, BTC came down to the green zone, which also aligns with the 0.618 fib level, and we saw a bounce off of this level again, just like before.

Keep in mind that this is also a double-top neckline; if we dump from here, the technical target is around 60k. But one thing that's good here is that the oscillator has finally been reset completely and is ready for a pump with full force.

The August prediction of 82k BTC still stands; going forward, let's see what happens.

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On the 4 hourly, BTC got rejected by the 20 EMA and dumped into the green zone. This happened mainly because of the FOMC data yesterday. The market was waiting for a rate cut, but since it remained the same, we saw this sell-off. This is just a short-term dump, which we'll recover from very soon.

On the bright side, we have a bullish divergence, which is confirmed at the support level, and we can expect a bounce back soon. Going forward, I'd like to see BTC break out of the 20 EMA both on the daily and 4H. This is what I'm looking forward to right now.

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Thanks for reading, stay safe.🤝🏻

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