$BTC - It looks like the price is currently losing the high-timeframe support range marked in purple, aligning with the 0.786 Fibonacci POI at $65.9K, which I highlighted in many of my prior PAT updates.


This is exactly why I said that before I scale out of my hedges and start rotating capital back into my spot holdings to re-accumulate, I want to see clear signs of strength, such as the price durably bouncing off this support range and reclaiming the 1D Bull Market Support Band, which has been a strong reversal spot over the last couple of months.
For now, though, it looks like downside pressure may continue.
Until clear signs of strength appear on the low timeframes that confirm the bottom is durably in, I believe the best approach is to stay conservative, cautious, and hedged.
BTC-3,82%
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