I think we could be aligning with the blue fractal. This suggests that we're about to break down on $60,000, which would make sense after testing the level 3 times resulting in only a weak bounce.
We could then form a "spindle" below $60,000, repeatedly breaking up on the big even while forming lower lows and lower highs, eventually returning to the 50% level of recent volatility.
We could then form a "spindle" below $60,000, repeatedly breaking up on the big even while forming lower lows and lower highs, eventually returning to the 50% level of recent volatility.
Note
Note
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