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Last night's rally got you wondering if it was all smoke and mirrors?
BTC just hit a wall at the 200 EMA on the 4-hour chart. That's not exactly bullish confirmation. When price gets rejected at a major moving average like this, it usually signals hesitation from buyers. Could be a fake breakout attempt before more downside. Or maybe just a temporary pause before the real move.
What's your read on this? Dead cat bounce or consolidation before continuation?