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Dead Cat Bounce Isn’t Convincing – $BTC Bounce Unconvincing

Our BlocksmithSays BTC Bounce is Unconvincing

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➡️ The last few days have seen increased event and announcement volatility. This has led to some scrambled repositioning and we have seen some big moves up and down.

➡️ Also, mid-term election results still lack clarity as many votes are still not counted and there may have been actual fraud in some states.

➡️ Additionally, there was a lower than expected US CPI print (0.4% increase) which caused a kneejerk repositioning: the dollar dumped, stocks rallied.

➡️ This dead cat bounce may lead to more upside near term but the preferred view is back down again once this bounce starts getting exhausted.

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Blocksmith Says: BTC Bounce is Unconvincing
This post is based on this twitter thread.

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