I'm not going to write again things that I think I've already highlighted in the chart.
The point is, IF btc retraces on the 200ema and bounce from there it is a good thing. IF not, a dump in btc price is most likely to happen.
Hope you like my hypothesis, let me know in the comment and do not forget to leave a like and a follow if you enjoyed.
Thanks CryptoJohnn
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