Technical analysis by PipsOverPast about Symbol BTC: Sell recommendation (8/10/2023)

Btc At Pivotal Level, Dub The Area The Most Important Trend Line With CPi ahead and projected to Increase, will Bitcoin keep its correlation with the NASDAQ and continue to act as a high-yield beta stock? Eventually, Bitcoin could diverge from tech stocks and compete with gold or possibly even the dollar in the event of a major flight to safety. First, we have a very probable move lower bar we don't decouple from the tech correlation as the market potentially prices in a Higher for longer from the fed Cpi over 3.4 will be bad for all risk assets and push the dollar high which should be bad for high-yield things like btc Technically, we're seeing divergences In multiple oscillating indicators plus approach long-term trend line Let's see what happens, Up this post if you utilize this Idea Happy Trading!