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 back below $57,080 warned of renewed pressure and good possibility of another macro-bearish leg to this bearish correction starting on 4/14.
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