🎢 Savage swings

News on US inflation triggered Bitcoin’s rise to $79,800, after which there was a sharp pullback to $77,200.

The market is being pushed both ways, tightly harvesting key liquidity from the current sideways range.

The move turned out to be even a little higher than expected, but the global market structure remains unchanged.

📉 I believe the upward move following today’s news is already over.
Next, the market should start pushing the price down toward a new local low—below $76,000.

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