POPA Recon💬The Cycle Turns source
💬The Cycle Turns source BTC rose 13% in two days, and ETH rose 22%. This is not a simple short squeeze, but a combination of trend reversal signals all at once. 1. Technical bottom signal - BTC and ETH recover to the 200-day line after falling 54% and 70% from their highs, respectively. - BTC is supported by VWAP based on FTX low point - VWAP broke through the 50-day line again at the beginning of the year with high trading volume - The bear market period is approximately 315 days, similar to the average of past cycles. 2. The market bottoms out amid indifference. - Until recently, trading v…
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