The importance for BTC is that it holds the .618 fib support line at 6800, or the current support of .382 (Less Likely) at 7500. Either case, the higher low will be a welcome sight and sets up for a nice 4th quarter of profits. Perhaps with that security blanket in place, BTC dominance will soften up and we'll have a nice little Alt Season.
Anyway, check out my BNB hedge play here. Despite popular belief, you CAN profit when BTC goes down!
I am developing a paper on the BTC BNB inverse relationship. I hope you guys take advantage of them running mechanical like that.
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