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📉 Market Overview
BTC: $64,096
ETH: $1,877
Fear & Greed Index: 29 (Fear)
BTC Dominance: 59.25%
📈 Yesterday, $65,500 was the critical level for the bulls. Today, the main question will be how price behaves around the higher-timeframe trendline. Remember: the yellow line on the chart marks the upper boundary of the descending channel that formed back in late June. Larger, higher-timeframe patterns are generally more important in our analysis, which is exactly why manipulation around them can be especially tricky.
By the way, Saylor’s Strategy has now been selling BTC for four weeks in a row — the company announced another sale yesterday. Quite a plot twist for the guy who built his reputation on buying Bitcoin nonstop.
