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Fits like a glove...

Expect a dip to about $40,000 to complete the right shoulder of the inverted head-and-shoulder pattern taking BTC to The Weekly 200sma, 200ema, and 100sma, all of which sit on the macro ascending trendline the same region. Ultimately this would take BTC to around the 300k region next year if pattern plays out and BTC aims to tag upper trendline. Be cautious with the interest rate reduction tomorrow too, a half-point reduction could have an adverse effect as it may make the Fed appear fearful of an upcoming recession and taking a more drastic step to avoid any further declines in macro economic indicators like unemployment- a quarter-point reduction is almost surely already priced in too, so a small bump could materialize that then devolves into the continued downward slide to 40k region.

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