Proekt_73
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A mixed signal for bulls is that BTC has entered a sustained downtrend on the 12-hour timeframe today
An ambiguous signal for bulls is that today BTC went into a stable downtrend on the 12-hour TF. This happened at night and before the current growth.
The bulls broke the previous such signal without working out two targets of $91,465 and $88,139. Now the targets are $88,893 and $86,322.
In general, there are still more arguments for the fact that this is accumulation, not distribution. Yesterday's CryptoQuant analytics on retail players is one of the most striking arguments, it is underestimated. And so, according to the rules of the bull market, the targets of downtrends on the higher TFs of the indicator are rather levels for selection than targets for shorts.
The bulls broke the previous such signal without working out two targets of $91,465 and $88,139. Now the targets are $88,893 and $86,322.
In general, there are still more arguments for the fact that this is accumulation, not distribution. Yesterday's CryptoQuant analytics on retail players is one of the most striking arguments, it is underestimated. And so, according to the rules of the bull market, the targets of downtrends on the higher TFs of the indicator are rather levels for selection than targets for shorts.
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