$BTC has begun to break down from its major support… Price has seen an absolutely NASTY liquidation event, with over $900 MILLION worth of long positions getting completely wiped out. Since then, price has begun attempting a bounce to reclaim $75k. If this move is nothing more than a deviation before heading higher, then we MUST see this level reclaimed with strength ASAP. If $75k is not reclaimed, it’s very likely that we will see a retest of the high 60s once again, or in the best-case scenario, price finds support around $72k. This week should be EXTREMELY interesting and will certainly give us a much better understanding of what the HTF outlook will be for the rest of the year.
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