$BTC Where are our panties, the longs ask once again... I told you, hold on tight. Now we see some drawdown, but soon we will see a small rebound to 60-64, the reason for this is the Fed rate, the rate decision will be on 18.09, the closer this date, the more bitcoin will grow. Now bitcoin is falling due to the fall of the main US stock indices. For this reason, we see outflows on ETFs. But before the rate decision, they will also go up. In general, BTC has a direct correlation with the US economy. Before the Fed decision, we are unlikely to see even 53k for BTC. The main movements will begin after the Fed rate is announced. Things will be something like this. 1) if the rate is not changed, a deep fall immediately. 2) if they lower it by 0.25, a candle up, and a slow fall. 3) a 0.5 drop, a large candle up, and a quick drop down.
The longs' panties will melt in any case. So stop drawing dogs on the charts and looking for a miracle of support. And follow the US indices. You will understand the trend. And your panties will always be on you.