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Today I gonna show you very interesting scenario which I bear in mind as my main scenario. Let's return back to 2021 summer

Now the BTC is approaching to the decisive point. The price can choose one of the two following scenarios.

Now the Bitcoin is dumping. Moreover BTC broke down the 0.618 Fibonacci level (golden pocket).

It means that we are in the downward impulse, not correction. As a result I am not expect the prices above $48000 in next 2 months with almost 100% probability.

I have learned the lesson that even the weakest market can become strong in one moment and vice versa.

We can see that the global 0.5 Fib is at the $46800 and I suppose that it will be the new local high because there is a very high probability

Yesterday I told you that believe in bounce to the upside to $45000, but today I am not sure that the BTC will give me the nice entry point for

I am now in a small loss and think that the price will hit my stop loss.

The Bitcoin continued the sideways around $40k. I think that you are bored of my standard analysis methods. Today let's use the trend and countertrend lines in our analysis.