BTC shorts have continued sinking toward the lows of a daily demand zone, whilst BTC price itself has failed to make much reverse-correlated movement in turn.
This means that the recent BTC trend channel break was a fakeout and BTC is heading to new lows around $3300 within the next month or so.
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Lets not forget the 3rd wave trendline bounce (not visibly shown here) for BTC shorts, which is a further confluence that BTC needs to drop heavily