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The breakdown below $72,000 puts Bitcoin $BTC in a vulnerable position.
Based on the MVRV Pricing Bands, the next major area of support sits between $54,000 and $50,000.
I believe the best risk-reward opportunities typically emerge when Bitcoin $BTC drops into the 1.0 and 0.8 MVRV Pricing Bands.
Those levels currently sit at $53,900 and $43,130, respectively.
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US Manufacturing just hit its strongest reading since 2022, near 4 year high
ISM PMI came in at 54.0 for May. Expected 53.3. Previous was 52.7.
Above 50 means expansion. Above 54 means strong expansion.
But look at the trend over six months.
January. 52.6. Back above 50. February. 52.4. March. 52.7. April. 52.7. May. 54.0.
Five consecutive months of expansion. Accelerating every single month.
Here is what nobody is connecting.
US manufacturing was dead for two years. Below 50 from mid 2022 all the way through 2024 and 2025.
But now it recovering , very good sign for Small-Mid Sector business
Point to remember, Crypto show parabolic move when ISM print above 56
Rest. #DYOR