A considerable amount of BTC hit the trades throughout recent days and today.
This is definitely not a bullish sign beacause we have Bitcoin whales on the trades prepared to sell.
whales are setting up a Long Squeeze, or retails are apprehensive and send their BTC to the trades to sell.
The DXY Dollar Index is bullish today.
The half fibo filled in as help multiple times for a continuation of the bullish upturn, and the 38.2% one time and the 61.8% likewise once.
The MA 62 in blue backings the upturn.
In the event that we close today with a green light, the secret bullish dissimilarity on the Torys RSI will be affirmed, so the S&P 500 with the BTC will turn Bearish given the negative connection with the DXY.
BTC neglects to close with a Daily flame above half fibo at 23.8K
We are on the MA 62 as help, so the purchasers can’t push higher and lose energy.
The numerous long wick candles is an indication of a dismissal beneath, so down of the bullish channel at 21.5K, while perhaps not underneath the reach at 19K or even lower than the last base towards 17.5 K
The other likely bullish situation for the second as I would see it is the arrival of purchasers in power to test the first obstruction at 25.5K on the 61.8% lie, then the 28.5K, and the 32K.