my next try to figure out what could be possible in BTC the next days. Still I think we will see a further dip the next hours/day, the downward trend is still active (orange + black line). The shortterm upward trend is already broken now (cyan line), RSI and MACD changing (Arrow). Red dotted line marks the end of the CME BTC option.
I expect a further falling of prices, maybe just until the shown circle, maybe even further till the buy zone. After the closing of the future BTC-contract I expect a rally to mh lets say somewhere higher. The black curve shows an in my opinion possible option how prices could go...
I took a look on CoT data of the CBOE contract also, just to get an idea where the big players are located at. I know CBOE is not CME but I couldn't find CoT-data for CME so far (any suggestions where to find them?). Still many of the big players are short in my opinion. But it's the CoT from 16th Jan I checked, new data comes on 26th Jan, but after closing of the CME BTC option.