BFVB - Caution Mode

Our BFVB model is signaling caution here. Open Interest is currently at levels that marked local tops in March, April, June, and July of 2024.  
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Bitcoin is undeniably showing a level of strength we haven’t seen in months, but with the CT timeline back in 'wagmi' mode, it often points to another flush-out.  

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Macro-wise, Q4 direction remains bullish - the path that the market takes to get there is a whole different story.