Bitcoin / TetherUS
Singkat

Re-Distribution Looks Like Accumulation

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What we're seeing in the current ranging market of the past two months looks at first glance like price is gathering/accumulating at a potential bottom for an eventual move up. However, the behavior of price during this range confirms the background weakness in the market.

The shakeout/Trap-Down move on 6/22 appears to be a Spring but the resulting market sell off and bounce off the bottom of the range re-confirms the market's lack of demand and intention to go lower.

Penafian

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