With the yuan over 7.0, an FX war, instability in HKG and the beginnings of capital flight, $Btc rally could have real legs.
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If China is able to successfully defend the peg, it could undermine this rally. Volume could dry up over night, leading a sizable correction. Trade with caution folks.
GIF
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You mean we won’t be consolidating between 9kK-11K for the next couple months 😆
