We ended up forming a bit of a hammer, but we are well below the $30,000 level and that is not a good look. Ultimately, the market will continue to see any move above the $30,000 level as potentially positive, but even then I would be very cautious about trying to buy this market. After all, Bitcoin and the rest of crypto is essentially going through a major disaster at this point.
Ultimately, I look at any rally at this point as a nice opportunity to start shorting, as the trend is most definitely said.
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