Some supply should be in the 625-650 area, its were a bunch of early longs will break even. Anyway i think a lot of them already sold with the news of finex hack which caused panic.
After that 680-710 is possible.
Hashrated is rising as expected, mcaffee's mine has successfully launched.
The downtime of houbi exchange has lead to some uncertainty, if everthing is fine and with the the hashrate rising, we can break out of the falling wedge.
Problem is, it could be that this is only because the market expected an etf approval but that is delayed for now (thx Stolfi).
Anyway we must be aware that it could form a rally from here, ma10 on daily should be support in this case as in previous rallys.
time for a new chart... weekly is here
retrace or break out up with increased momentum from here is not clear yet
I think we have broken the main downtrend/correction already, so I guess this will either go sideways for reaccumulation or test the upper resistance.