FTT over extended.

Updated
Multiple drives of bearish divergence indicate at least a retrace, if not an end for this particular 4 year-ish market cycle.
Note
Yes, higher lows are present but... cannot ignore the bearish divergence on the 3 day
Note
As an investor in FTX exchange with capital locked in I surely hope for a rise. But additional un-staked holdings are now sold.
Trend Analysis

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