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shoulder that's another bearish scenario master.
Pic 3,
The recent correction from the top is around -9.62%, so far it's just a normal retracement compared to previous corrections averaging -21% down and yet bitcoin still managed to create a new all time high.
If ever the price
revisits the 103k level again (hopefully not) still considered a healthy correction in my opinion.
▪️Pic 4, Ema 55 on the weekly chart is very respected and every time the bitcoin price creates a significant corrections the ema 55 serves as dynamic support.