This is a progression of a prior idea. Highlighted as per linked idea below.
This BTC rise feels sponsored. I am thinking we may see a rejection at resistance now around 6600 or soon around 6800.
A break above 6800 might cause a small run in retail FOMO and longs may build. Once Longs chart starts sloping upward, I will be prepared to dump. As of now, it's getting dicey IMO.
We have also now learned the market's propensity to sell alts when BTC runs. This betrays the market's positive sentiment for BTC, which means that liquidity and longs can build very quickly.
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