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🚨 WARNING: $BTC lost the 50-day MA on the weekly timeframe! This is an alarming signal for the entire crypto market.
For any upside move (even a dead cat bounce), Bitcoin MUST reclaim these key levels:
1. The yellow trendline ($98k)
2. The 50-day MA ($102.8k)
Our main target will be $83k through the 100-day MA when our strategy fails to work. The chart data needs continuous monitoring from start to finish of the process.
#Bitcoin #BTC #Crypto