Hello Dear Traders, In last idea we analyzed breakout frm major trendline resistance area after forming triple bottom chart pattern, bt when btc tested 41k area strong sell off came in market. immediately bears took the control of market and we seen heavy decline in price. BTC is closely following DOW jones index, i observed tht whenever DOW index declines we see strong decline in btc. Due to fear of inflation US Market is dumping hard, also more than 25k BTC has been SHOTRTED in Futures Market. Something BIG LONG squeeze or SHORT squeeze is Coming....
err.. the above statement generally says that either the price will go up or go down.
excellent analysis