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The Battle of Agen
Crypto Newbie
1d ago
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The rebound has ended, and the decline continues! Regardless of the weekly chart patterns for Bitcoin (ETH), the decline is far from over! US stocks have also begun a strong reversal to a downtrend. This is a global asset massacre; the entire world is short of money. As a product of abundant liquidity, cryptocurrencies are currently like a fish that cannot live without water—extremely expensive, and once the liquidity is gone, they'll plummet. Bitcoin will test the $70,000 mark this week, as will ETH at $2,000. BTC at $68,000 and ETH at $1,850 are likely to be entry points for short-term rebounds, but they are unlikely to be the bottom of the bear market. There's no real momentum going on right now!
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BTC
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ETH
+0.4%
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