$BTC

Bitcoin looks bearish. A 50% retracement was just completed and appears to be the start of leg 3. Key level here would be $39500. What would make this EW invalid is a double bottom created here to reverse back up. A break below this support would send it to $34800. Here's where it gets interesting. Does it complete wave 5 or reverse?
Chart PatternsTrend AnalysisWave Analysis

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