We can see the total market cap has broken out of consolidation structure and now rising in an up channel. Note the fib extension levels, We have hit a key level and we saw the today, a first touch rejection. We will consolidate and likely break this level soon which is aligned with a BTC bullflag.
So we are now expecting a bullflag for bitcoin, as per chart below.
All this makes sense as to why BTC just drop 8%.... Don't sell and buy the dip. Note the daily ribbon of 10/20 ema acting as support. We are approaching the goldern ratio of 1.618
All the best,
S.SAri
Daily chart shows bullish indicators
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ref. DXY chart
DAILY candlesticks with wicks on top. Downward pressure