BTC is currently forming a potential double top formation. This is a bearish formation, in order for it to be validated BTC will need to fall to the purple hit marker.
BTC has found major resistance at $38500 USD will R1 PP resistance and fractal resistance.
From here a potential short position to the orange support zone could be placed (still keeping the medium bullish sentiment).
During this period, alt coins will likely loose value.
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