Check out that $BTC ‌ hourly candle, someone just hit the exit button in a major way.

We were looking decent until we tapped 89,081 and then the floor basically fell out. That massive red drop wiped through several minor support levels in one go, finally catching a bid around 87,600.
Right now, the price is hanging around 88,065. It’s a bit of a no man's land. The volume on that dump was heavy, so I’m not convinced the selling is over just because we saw a small green bounce.
We really need to get back above 88,500 to show some actual strength again. If we just consolidate here and fail to move up, a retest of those 87k lows is almost guaranteed.
I’m sitting on my hands for a minute to see if this is a dip to buy or just the start of a deeper correction.

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