BTC will strongly relapse this week.
Current bearish factors :
- a large bearish flag
- a strong MACD divergence
- a huge RSI divergence
- a steady increase in institutional short positions (COT report)
- a significant drop in volumes in recent months
- a weekly bearish MACD cross
- a death cross in progress
- the great powers want to regulate the market
This publication is a trend hypothesis.
Current bearish factors :
- a large bearish flag
- a strong MACD divergence
- a huge RSI divergence
- a steady increase in institutional short positions (COT report)
- a significant drop in volumes in recent months
- a weekly bearish MACD cross
- a death cross in progress
- the great powers want to regulate the market
This publication is a trend hypothesis.
Comment:
In TF2h I see that the current technical rebound corresponds well to the expected result for a small bullish divergence in a downward configuration. IMO it's a real bulltrap.
Trade closed manually:
![[Bitcoin] The decline will continue ...](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
![[Bitcoin] The decline will continue ...](https://s3.tradingview.com/9/9IMQRvxl_big.png)
