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Good morning all. The daily candle closed bullishly last night there. The daily rsi is showing bullish divergence.
But $60,800 is a resistance bitcoin can't break yet. It'll be a very interesting week.
I swear this market is trolling us. Every bear market gets a summer rally, and the timing is always strangely similar. After watching it happen over and over, you have to at least respect the pattern.
My base case hasn't changed: it's either here or around $55K. Aggregate trades over the last 8 hours show $1.4B in buys vs $1.3B in sells. Bears aren't taking control, and without stronger selling pressure, a deeper flush still looks unlikely.
@KS__Kenji Leave some liquidity for the rest of us I need my loan approved too.
Are you on Philakone Crypto telegram channel? Search on Telegram ๐ crypto_philtg
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The chances of an expanding diagonal playing out for Bitcoin is extremely high.
If this scenario plays out, I'd liquidate every asset I own, get a multimillion dollar loan from the bank, then take everything leveraged into a 9 figure long.
Then I'll be a crypto billionaire.
@nassquantum Absolutely the best reminders are usually the simplest ones.
Are you on Philakone Crypto telegram channel? Search on Telegram ๐ crypto_philtg
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The history of bitcoin across all three bear market show that from an Elliot Wave theory perspective, once the B wave forms, the C wave eventually parabolically drops.
Even if a temporary support is found, it'll be extremely short term.
All relief rallies will fade.
Stay safe.
Volatility tests every capital structure. Strategy remains focused on Bitcoin, disciplined capital allocation, credit quality, and long-term value creation. We appreciate our investors and will continue to execute with transparency and resolve. $MSTR
@toroxweb3 Fair point. After weeks of chopping around in the same range, everyone is expecting a decisive move one way or the other.
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