The long squeeze saw liquidity to take south and from 17.5K, but to see the Weekly open in a few hours on the DXY Dollar index and the S&P500 futures!
Hidden bearish divergence on the RSI visible on the LINE chart, but it's not the best as the RSI is in the oversold area below 50
The MACD is showing a sign of weakness from the buyers starting to lose Momentum.
Price may still look for the 21K to trap lag shorts and retest the top of the downtrend channel confluence with the MA 62
My market position is bearish after the S&P 500 closes bellow the June Bottom and the BTC isn't far from its Bottom at 17.6K, I think it will be soon to arrive for a big cleaning before to rebound or simply close below 17.6K and continue down trend.
https://www.tradingview.com/x/SsAKmpSG/
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