#BTC follow-up
Currently facing threats from the main trend.
I personally think that closing with a long tail after the second Doge candle could be a bit risky.
Since it also coincides with breaking the short-term moving average, the probability of falling below the last low is high.
In the end, will we see a flow towards the 100~94 range?
Anyway, since there's a high chance of support around the 20-week moving average, it makes sense to see it as an opportunity if it goes down.
Of course, not many people are holding cash…
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Keep in mind that there is a "ramp-up" on the chart, so do not trust the direction 100%.
The ramp-up type can turn a downtrend chart into an uptrend and vice versa…
Of course, that doesn't mean you should take a position against the current flow while praying "please, please, please, ramp-up type."
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