Seeing everyone shorting makes me feel relieved!
Beware of the $Btc daily MACD death cross pulling down the shorts!
The daily is facing a death cross and resistance at 105000, while the weekly is facing a double top and refuses to drop. The volume has been shrinking, indicating that 105819 will not be the peak; the only difference lies in whether it will pull up directly after the current consolidation or retest the daily line around 100700 before pulling up.
The largest American cryptocurrency exchange will launch on the 19th, along with the S&P 500, just in the next couple of days, and the market is changing. But they won't get rid of these shorts. How it drops in the coming days will be a back and forth with increasingly smaller price movements.
