PUMP and DUMP: Crypto experienced a sudden surge followed by a steep decline, leaving many puzzled about its volatility.

Bitcoin’s sudden 5% drop to $41,500 raises questions about liquidity after a prolonged bullish streak.

On Friday, we posted this setup for subscribers.

We called for a move back into $41,500 support where a higher low could form.

$41,500 marked the EXACT low of the decline just now.

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— The Kobeissi Letter (@KobeissiLetter) December 11, 2023