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Axel 💎🙌 Adler Jr

Sell-side Risk Ratio flashed red for the first time since the previous cycle.

During the drop to $60K, the value of supply in loss exceeded the value of supply in profit and this is now a new zone of deep stress and accumulation.

At the same time, the CVDD model shows the cycle's structural bottom at $48K.

Where the line sits between accumulation and a final test lower - we break it down in Morning Brief #192 👇
https://axeladlerjr.com/60k-becomes-the-new-accumulation-zone-the-cycles-potential-bottom-is-48k/