REVIEW BITCOIN
No Friday dump, but still a weekend relief! Another tap of descending resistance and we are closer and closer to the edge! There are several reasons why I think this way:
- resistance is pushing the price down
- huge Grayscale unlock today and on Tuesday
- stablecoins discussion in the US
- big positions opened on Bitfinex
As you can see, these reasons are super bearish for me. The only bullish thought left is "Bitcoin is always unpredictable and will go the least logical way".
The plan is very simple: either open shorts aggressively today, either wait for Monday confirmation and open shorts tomorrow. If you are already in short - good for you, keep an eye on descending resistance and $33500 level!
