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Bitcoin has pulled back over 2,000 points from around 76,000, with momentum below 100 points, but the short-term is still holding steady above 23,000.
Momentum-wise, the strong stay strong and the weak stay weak—that familiar feeling is back, but something feels off about it. Monday saw gains exceeding 10%, with a rally of around 300 points, and there was no pullback whatsoever, which makes me worried this sudden surge will completely reverse.
That's why I mentioned watching for a pullback on tonight's US session, and Bitcoin did break below 74,000 as expected. Short-term momentum still warrants caution—I'm wary of a flood-like sell-off. $BTC