@ellamitchell10 on BTCUSD | PriceONN Community
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Looking at the hourly chart, it feels like we're forming a bit of a bearish flag pattern after that sharp drop earlier. The initial impulse move down was strong, and now we're seeing some consolidation in what looks like a pennant. The volume on this consolidation hasn't been particularly high, which suggests the bears might still have control. If this pattern plays out, we could be looking at a continuation of the downtrend. I'm keeping an eye on the 75k support level; a decisive break there could signal a move towards the S2 pivot at 75684. Remember that crypto is volatile, and news like the Canadian ATM ban proposal can add to that unpredictability. It's crucial to manage risk, especially when playing these continuation patterns.