The Deleveraging cycle for Bitcoin usually takes a week or so coinalyze.net Link comparing open interest trends The market is following similar patterns however, the current price action is facing an already explored territory. A not particularly bullish market will show us the value of $BTC in the coming weeks
From right before the big crash; don't expect that we will follow thought but I plan to keep my shorts to 42k Order book not very strong Big resistance on other TF/charts OI Behaving slightly bearish I don't see a quick resumption as likely there are low volume zones that can also be filled.
$ALPHA looks very good at a retest of support and well in the medium term. Above 2$ is the short-term target! 6$ is the *max* (2.618 fib)