Nothing to change - 24.7K on the table

2023年9月7日

Morning folks,

BTC is totally dead, very anemic and tight action. 54% of all transactions now is just deposit/withdrawal operations from broker accounts... We have three reasons to keep our bearish scenario and 24.7K target intact: uncompleted downside AB-CD (XOP) target, signs of bearish dynamic pressure (MACD is bullish while price action is not) and high level of the US bonds yield.

Whether pullback will happen or not - we will see, but definitely not before 24.7K target been reached.