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Morning update:
Price continues to consolidate inside a volatility squeeze that started to build up on June 1st. Extremely boring but hopefully, we are getting towards the end of this consolidation😴
Yesterday the price action was driven by the CPI data and FOMC meeting where J. Powell and the crew left rates unchanged. This was expected so there is no reason for the panic selling we have been seeing over the past few hours. Likely, the whales are behind this move again🤦♂️
That being said, yesterday, we printed a nice reversal candle✅Now we have to close above it to confirm the reversal👀$BTC