Despite the recent rally fueled by First Republic Bank's woes, I believe Bitcoin will resume the bearish movement seen before the news. I'm still short on BTC.
Gold is currently pulling back to a minor support at 1955.75. Market structure is an uptrend, so pullback should not fall below previous low. There's an off-chance that price finds support around 1981.23 and keeps pushing upwards.
BTC holding at the $40k-$1k trendline shows its a strong level. Right now, we're in an accumulation phase for BTC which means periods of gains and losses for smaller alts (maybe except FTM and LUNA because of ecosystem growth).
If BTC breaks below the support, we're headed down to $30k range.
ThetaUSD is in an symmetrical triangle pattern on the daily time frame. While it could go either way, I believe it will push upward during the December market push. I'll be longing this. NOT FINANCIAL ADVICE. Just my analysis.
