Sorry for late update, I was kind busy today. Why all markets specially NASDAQ, SPX and NIKKEI had a pump and BTC dumped? Let's take a look at what happened today.
BTC dumped to 56K, now is trying to recover to this wedge and maintaining the annual VWAP as range price after breaking down the triangle in 1H chart that I posted these days. Even with good CPI statistics the US government transferred 10,000 BTC to Coinbase, probably explaining that dump and showing uncertainties by the US government.
The US elections affects a lot in BTC price and as we know we are very close for the votes, with Trump supporting cryptocurrency and statically losing to Kamala it can be difficult to BTC have a easy pump, since if Kamala's wins that 10K BTC could be sold making it difficult to BTC.
In the short term, specifically in daily chart, BTC assumed a bearish pattern, but in the weekly it remains bullish. If BTC dumps below 55K again it can be a purchasing opportunity in long term, as it maintained in the 57K price range for a few hours it showed us good alts opportunities.
Stay safe.
