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Wednesday BTC Report. Down a little bit more
Wednesday BTC Report. Well, we have BTC dipping into the 50% zone and will probably come down more until price returns to the uptrend. The DXY went nuts today and created strong upward momentum pushing BTC down. BTC Dominance has been flat over the last three days and is coming down more. Pivots and LASS and the Stochastics support price continuing into the 50% zone. When you look at the lower timeframes (M30, H1) price isn't really closing in the 50% zone yet. I would look for an entry around 63,900 where there's a wick on the M30. You can see that price moved up through this entire zone in 30 minutes so there are some orders still waiting here.
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