Reason 1: BTC uncertain/general sentiment a bit in question.
Reason 2: we are up against major resistance on the daily chart (see chart).
Reason 3: major bear div on daily chart.
Reason 4: Elliot wave is either complete or we are approaching Wave 5 which is against my rules due to it being the highest risk wave to enter.
Reason 5: price action in consolidation shows that bulls are only active for short bursts during bounces. Their power band is limited and the general price action dictated by bears/profit.
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