My last post on Bitcoin was here. As noted back then, the structure and count possibility discussed then remains plausible today.
I find it notable that despite the apparent bloodshed in equities, and even despite the liquidation break in Bitcoin today concurrent with that equity break, Bitcoin continues to remain above its prior lows.
I will add one technical observation to those I made in the previous article: today’s breakdown brought it in for a retest of the down trend line from above. If it is to find support, this is a good place. And if it finds support, that is a good sign for systemic liquidity.
Until things get a bit worse, I continue to believe a major bottom is being put in across the board.
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