The bearish pennant on BTC broke down (dotted blue trend lines) and then a rally occurred, only to back-test the structure as resistance. Weekly RSI is still somewhat high, but it wouldn't be surprising if BTC broke below 30k. Lots of chop to come, in the short time frame. This price action is not favorable for bulls.
No opportunity exists as of now. I lean neutral-short.
No opportunity exists as of now. I lean neutral-short.