Bearish short term BTC, Bullish Long term
Seems like the immediate bear scenario is a much more probable play here. In combination with lower volume, another rejection to below 50k and an ascending wedge pattern on both the 1 and 4 hour timeframes, there is a 75% chance of a correction to the 48.3k area and if support is broken there, a good chance to see 46.k before another 50k attempt. Apex of larger wedge is Sept 24th so time is on the bulls side.
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