Update on $BTC that is little bearish.
We're now taking a step back and putting 47k to the test in the high-volume support area looking at TA.
We've been in a bear market for a long time, probably.
Only 35% of Nasdaq members are above the 200-day moving average, putting the stock just 2.6 percent away from all-time highs. For the past year, stocks have been realistically dumped, particularly in China and all but the top few stocks.
In crypto isolated segments of the market are being completely demolished. For example, DEFI has a large number of single names that are down more than 70%.
What if we are looking at the exit pump market over the previous six months?
Cleaning is already taking place, although it is not readily apparent due to the large amount of liquidity and the printing of money.
On chain data, the picture is still good. Long-term investors are still accumulating at a high level, but demand has decreased slightly. BTC is still being actively removed from exchanges, as evidenced by the blockchain. Another encouraging clue is that we're seeing some of the highest flows since August, just around the time when people began to arrive in large numbers.
Powell on Wednesday, if BTC fails here, the RSI will break on a daily basis, and the MACD will fail, resulting in further drawdowns for alts that have already broken out of trend.
At the very least, decisions will be made this week.
everthing is gona be allright becase Plemenjak and Josh sad IT at the end of the year we will be in the sky flying with money