Chart at the bottom of the article
- Frequent China FUD causing panic selling
- Whales deleveraging across CEXs and on-chain causing further sell pressure and liquidations
- Weekly BTC (left) post-complacency bounce and momentum breakdown (bottom left) remains in bearish territory mid-term. Range lows were swept with a good reaction from buyers indicating a possible relief rally short-term.
- Daily BTC (right) shows an outlined relief rally back to range highs based on a momentum breakout, retest and continuation (bottom right).
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