The US stock market has lost 8 TRILLION since July! There are outflows from the Ethereum ETF, companies are stopping trading this cryptocurrency.
But for now, $BTC is standing still:
— Weekly RSI and MACD show the strength of sellers. According to Bollinger, there is a feeling that the price is sticking to the lower envelope. But there is a bullish divergence! Will it consolidate? ⚔️
— Daily RSI and MACD are asking for a rebound upwards, possibly to the value zone and the level of 57.8k, this is a very optimistic scenario.
For today, we can only lay down the closure of the imbalance at 55.6k and again a decline before the opening of the stock market, because the S&P500 closed with a fat red candle.
Large volumes for buying on the glass at 52k, 51k, 50k, 49.5k.
Sales — 60k, 70k, as if they don’t see the price in this range yet.
Or maybe the shadow of August 5 is being absorbed by a denser candle?
On weekly horizontal volumes, market participants tend to:
- sell #BTC above 60.4k and below 53k;
- buy from 53k to 60k and already above 70k.
As part of the distribution, it makes sense to pull the price to 60k, this will be helped by sales at #ETH , the more it is sold now, the easier it will be for it to go up manipulatively.
The activation zone of all traders is at 67.7k,
which means people still have a “to the Moon” mood.
