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Fefe Demeny: Market structure shift confirmed after daily close below previous low
Fefe Demeny identifies a significant market development, noting a daily close below the prior low and describing this as a market structure shift.
The author suggests that this marks a critical turning point, referring to the event as the final nail in the coffin and indicating a move toward sub60 levels.
In earlier commentary, Fefe Demeny noted a recurring pattern in Bitcoin, suggesting a new top with a continued downtrend toward the $60,000 level in a previous analysis. Demeny has also contrasted insurance companies with STRC, emphasizing actuarial fundamentals in another report. The latest remarks extend his track record of monitoring structural shifts across financial instruments.
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