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On the weekly chart, Bitcoin saw huge trading volume last week supported by some Favourable Information, but it still failed to close above the previous high of 11.1W, indicating that there is still significant divergence or pressure above.
After the Bitcoin conference, the short-term Favourable Information couldn't continue, waiting for Trump's words is just too much of a gamble.
So this week we will try to short, today at 11.09W we will stand on 11.1W loss.
If it gets damaged, the conference might push up to the previous high in the next few days, maybe around 11.13W? A push up and then a pullback will attempt again.
The recent pullback from the high is not a reversal, for example, we might consider re-entering long positions below 10.4W.
#BTC