Bitcoin FAKEOUT: $90K Rejection at Point of Control
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Bitcoin experienced a dramatic fakeout as price surged from $86K to over $90K before rejecting at the critical Point of Control at $90,344 and returning to $85K. This rejection at the four-hour resistance level, combined with the consumption of the remaining CME gap, confirms the move as a low-quality breakout. With the Nasdaq correcting and a MACD bear cross forming, Bitcoin faces key resistance while approaching tomorrow's CPI event. Watch this analysis to understand the technical setup and prepare for potential volatility ahead.
00:00 Bitcoin Rejection at Point of Control
02:47 Daily Chart Assessment and Technical Setup
04:52 LST Signal Performance and Entry Strategy
07:05 Nasdaq Correction and Market Weakness
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