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Joao Wedson

Bears are still controlling BTC, and price is now going through its third phase of selling pressure.

This metric needs to turn green before we can expect a real upside move.

Until that happens, the market will likely remain in a scenario where traders keep getting anxious and hopeful for a rally that simply does not come.

I keep saying the same thing:

Data comes first. Narratives come after. https://twitter.com/Alphractal/status/2067346194938916931#m