Bitcoin (BTC) • Pullback while we don't have stronger signs
Bitcoin finally broke the trendline coming from the top and it's likely that is on a corrective pullback (not return to bull run)
I don't buy the "we found the bottom" narrative just yet since we don't see strong volume signs coming from different markets, specially futures.
Funding rates are also pretty flat at the moment which reveal a lot of uncertainty.
At the moment I see potential correction to 45k range (max 48) then retweet recent lows once again. But it can easily keep marking down further from here since that is the dominant trend (a mix of daily and weekly) at of now.
I don't buy the "we found the bottom" narrative just yet since we don't see strong volume signs coming from different markets, specially futures.
Funding rates are also pretty flat at the moment which reveal a lot of uncertainty.
At the moment I see potential correction to 45k range (max 48) then retweet recent lows once again. But it can easily keep marking down further from here since that is the dominant trend (a mix of daily and weekly) at of now.
D7R
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