Beginning to look like reversal on the macro.
- G20 is seeming like its going to be good/neutral news.
- Huge buy walls were being filled ~7800 so someone is happy to catch the knife.
- Market sentiment is completely bearish which means reversal is close.
- One more retest of maybe 7600-7800 depending on market strength.
- Non-related: DOW seems like it's topped out and ready for a correction which typically means recession. We'll see if big money hedges in BTC/crypto or pulls out of high risk assets.
- Worst case scenario: we're in the eye of the storm.
As a bear, I think its almost time to buckle
up your seat belts.