The Long Investor
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$BTC TOP 20
🕑 Added 2025-04-11 09:04:27 +0000 UTCWhy hasn't $BTC dropped down that extra $1000 to the amber 0.38 Fib at $73,369?.....because a test of this level will mean an infringement of the high in March 2024, meaning the ABC correction would be confirmed....but that has not happened yet and it is almost exactly what happened with $SPY.
Amazing to see two completely different asset classes which are strongly linked behaving this way.
The bullish meaning behind this is that $BTC can still make an ATH before an ABC correction, as with $SPY on the Contrarian view.
But any test of the amber level and the ABC correction is confirmed here for me.
Either way, there can still be a bounce next for Wave B or moving higher for both $BTC and $SPY.
