📊 ANALYSIS | #Bitcoin has dropped below the 100 day simple moving average, a technical signal that could hint at a bearish trend ahead.
📈 But not everything is red: key bullish factors remain on the table expectations of Fed rate cuts in September and continued institutional interest.
So… is it bear season for Bitcoin?
😢 = Yes, heading down
👍🏼 = No, just temporary
👏 = Depends on Powell & ETFs
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