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#BTC market update: market maker phase bottom is coming!
Bitcoin is experiencing a phase of consolidation near 86,000 after undergoing 5 consecutive lows under the pressure of the mid-channel in a descending channel. The current position is approaching the Fibonacci 0.382 retracement level of this bullish market, while several technical indicators are in the extremely oversold area, and the market maker is about to accumulate.
Traders should have a clear direction - buying on dips (the opportunity to bottom out at dawn on November 21).