It's looking more downtrend in the short term and the week ahead has it's challenges with the first CBOE Futures monthly clearing followed by CME Futures the week after. Since the launch of Futures BTC has been more timid (or less violent/volatile) than we ever noticed… On the TA, the Time cycle coming to a dip within this week which could support the above events (?)
Let me know your thoughts...
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Along with the above reasons, the FUD on China regulatory news has pushed BTC a little deeper but the downtrend may continue for another day as seen on both Cycle count and MACD…
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And…. this morning it's South Korea news on preparing a bill to ban crypto trading… Whatever the Fundamentals/News maybe, the TA follows it's path…