$BTC About to break down. Bands are super tight! Can 9k hold?

A quick break down of what this indicator behavior shows us.

When the blue band gets highlighted black our algo of exhaustion kicks in. Its a very strong indication that a top is in or near.

You usually wait to get in on the retest which results in a bear/bull divergence, depending on which side you are playing.

Currently ->

Top algo fired in early May which brought us to our 103000 top. If my analysis is correct we should never revisit that 10300 area until we get down to 7-8ks.

Once we break our bottom band at 9050s our next area of interest is 85-8700.

Bearish until not. I will update this chart to get an idea of where we go. Its a real gem when looking at overall path. If we lose the red band which we are sitting on now, we will most likely break the bottom band and freefall.

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