Could simply be at the bottom of a channel here. If we break much further down then I'll call it invalidated. Let's not get bearish at support and bullish at resistance like everyone else just yet!
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Also, if this does start going towards the top channel; expect alts to out-perfom and you'll have the alt-season you've been waiting for.
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Digging deeper into the 4hours, getting to the last areas of support now.
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Channel broke and haven't had a strong re-test. There won't be any real re-test following weekend volume either. I have flipped to bearish bias.