CryptoD$ddy 1 minutes reading from Bitcoin

Bitcoin Price in Distribution Falling Distance


Still waiting for confirmation to take a long. Imo we're in distribution falling wedge/channel which last part is ending with bigger drop.

High time frames look good but last leg down is missing for me

Increasing Open interest + positive funding + price in down trend = not good

Funding rates even more positive

BTC price at intresting level to sell for miners

Spot is still distributing with longs manipulation

They're selling spot and pumping price with stables to fill liquidity at these levels

Support is weaker and weaker, imo it's matter of time we'll see decent dump to make bulls disbelief

This post is based on this twitter thread.


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