Based on technical analysis I believe we could form a double bottom on the weekly timeframe. I have two scenarios posted either one can happen. wounld't long until I see 30k ,29k ,or ,28k these are the most touches where we found support previously on july 9th
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Analysis is on point the accuracy this move from 53k to 42k was 11k drop you would have made big money really good swing trade. depending on your trading style which i'm a swing trader and intraday. like I said before if you look above you will see what i see a potential double bottom in the works on weekly time frame. Target is the same positions where that short squeeze happened at 29k on July 9th 2021.
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BITCOIN SHORTS ARE PLAYING OUT AMAZING FROM 53K to 44k THE DUMP CONTINUES!