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Don't remind me again today

Bitcoin just bounced hard right off that 50-week EMA while simultaneously testing the lower Bollinger band—double support zone playing out exactly as textbook suggests. What caught my eye? The weekly close managed to hold above the 1.272 log Fibonacci level, confirming it's still functioning as solid support terrain.



Putting these pieces together, I'm leaning toward the idea that this dip lower was merely a headfake—one of those moves designed to shake out weak hands before the real continuation. Could we be looking at the local bottom already? The technicals are certainly hinting at that possibility.

That said, nothing's guaranteed in this game.
BTC1%
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NotGonnaMakeItvip
· 9h ago
It seems like intraday long positions are looking pretty reasonable.
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FlashLoanKingvip
· 9h ago
Go wash up and go to sleep, retail investors.
View OriginalReply0
HalfBuddhaMoneyvip
· 9h ago
It's already fallen to this state and you're still showing the line chart, right?
View OriginalReply0
Degen4Breakfastvip
· 9h ago
Stop pretending, it's just the market maker recruiting people.
View OriginalReply0
SchroedingerGasvip
· 9h ago
Are you all panicking now that you see the fall?
View OriginalReply0
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