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BTC/USDT - monday update:
Got the rejection I was expecting around 125–130k. That level is now my clear “local top” until BTC can convincingly close back above it.
This dump looks aggressive on the daily, but big picture we’re still just moving back toward the old breakout zone around 70k – basically the prior cycle top that price ripped through on the way up. As long as BTC holds that area, I still treat this as a deep correction inside an uptrend, not a full macro top.
My plan is simple: I’ll get interested in spot again if we wick into that 70k block and buyers step in. If we start closing cleanly below it, I’ll switch from “buy the dip” to “protect capital” and look lower. No hero trades in the middle of the move.