Concidering the fact that we still have not broken the trendline, i concider the market bearish. I expect us to fall very steep when closing in on 8350-8400.
Institutional money will not buy BTC for 8000 a piece.. Its just crazy.
We need to revisit 6000-7000 USD before breaking out of the trendline.
My current position: Short 80.000 USD at 8200
Institutional money will not buy BTC for 8000 a piece.. Its just crazy.
We need to revisit 6000-7000 USD before breaking out of the trendline.
My current position: Short 80.000 USD at 8200