BTC With a Weak Bounce off the 100MA Looks Bad SHORT BTCUSD
Intraday looks sketchy since we are hanging around the lows. Looking at the daily chart the 100MA has supported this rally thus far but looks to be in trouble if the rally stops here. No confirmations it has yet but with price, RSI and MACD all trending lower a pierce of the 100MA could take us much lower. The last couple of days have seen precious metals and BTC dropping hard while stocks rallied, this could be a turning point of consequence if this trend continues in the short term.
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