Bitcoin in macro bearish correction 5/12/21

On a higher timeframe basis: We held exhaustion above at $64,735-$66,145 with a $65,520 high, which I said could roll this into another correction exceeding $11,000—we have seen $17,925 so far before short covering off the low.

The decent trade below $58,080 maximum; but if we break below here decently and back above decently, look for decent short covering to come in.

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