BTC Breaks Support, Dips Sharply

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BTC’s dip overnight has the MFI almost off the chart this morning. It looks like we’re trying to find support currently after wicking down to around $58,700. The MACD’s momentum is swinging upwards, and the EMAs look like they may be preparing to bottom out soon.

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ETH’s indicators for both the MFI and the MACD are following BTC’s patterns as well, with the MFI off the chart on the two-hour chart.

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