GOOD MORNING
Don't see an increase in
BTC
shorts. With #ETF news perhaps traders do not want to be short.
Don't see a #BTC a breakdown, JUST weakening of the RSI during this current move.
BUT
#Bitcoin keeps bouncing off the trendline, yellow arrow.
We also see bouncing off the 20 Exponential Moving Avg, cyan, & the red = TREND strength.
As posted few days ago, the top part of the range keeps getting poked. The more poking the weaker resistance gets!
Don't see an increase in
BTC
shorts. With #ETF news perhaps traders do not want to be short. Don't see a #BTC a breakdown, JUST weakening of the RSI during this current move.
BUT
#Bitcoin keeps bouncing off the trendline, yellow arrow.
We also see bouncing off the 20 Exponential Moving Avg, cyan, & the red = TREND strength.
As posted few days ago, the top part of the range keeps getting poked. The more poking the weaker resistance gets!