Bitcoin_Weather

[Bitcoin] bear market signals (update)

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BINANCE:BTCUSDT   Bitcoin / TetherUS
Currently we have several bearish signals :
- a great wave of Wolfe , bearish
- a very clear bearish MACD divergence
- a strong resistance area around $60K
- a regular increase in institutional short positions (COT report)
- a significant drop in volumes
- a huge bearish RSI divergence in weekly
- a MACD bearish cross in weekly
- regulations and taxes are in preparation

If a strong decline starts in the next few days, from my point of view there will be a real likelihood of a market reversal.

This publication is a trend hypothesis.

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$37K reached

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