This breakout to the upside could send $BTC to $14000 or lower, technically this is a valid short setup. In terms of fundamentals, FTX's bankruptcy risk is putting pressure on crypto markets after Binance gave up on its intention to rescue the non US FTX. SBF has apologized in a recent tweet and said that it was his mistake! $8 billion is required to save him from this bankruptcy situation, he is in discussion with investors but things are complicated as Binance said "FTX is insolvent"
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Official: FTX is insolvent! filled bankruptcy SBF said.