Nothing has changed, price still flirting with the 200 EMA on 1H. Still expecting the downmove.
Why did this rally even happen? The most plausible answer is that there is alot of shorts in this market, we need to get rid of the weak shorts, by giving a rally for them to jump into. When most people start to think that the downmove won't happen, it crashes real fast. Those holding longs especially on alt coins will have to liquidate their positions at a loss or breakeven. And perhaps they get so pissed off to also dump bitcoin into usdt or fiat.
The next big move is definitely down. The running flat scenario mayor may not happen. Price can easily crash through to new lows without correcting. We will know better when price reaches 6600.
The downmove to 6600 is still expected.
All manipulation and short squeeze, I must say I was lucky to not be in any position. But trust me on this, this is not a real upmove, definitely will be retraced all the way down.