Probably a trap
Lets wait a bit
confirmed
too early to confirm.
staying at 1525cny + =out of triangle (and 1550+ is higher high).
i'm a bear 90% of time, but last days showed that 1450-1500cny level is strong support (i thought about fast huge dump with low 12xx-13xx.. didn't happen).
and btw. even if Btc is going to yearly low, rebound to 1600-1650 is possible.
Dude, youre trying to make a conclusion out of chinese wash volume created by bots, TA doesnt work when market is being totally non-organic and manipulated, without any really major news btc is going to test sub 200$ levels pretty soon, then we will see a healthy solid uptrend. People just should not look at chinese shitty exchanges at all to not get rekt after infinite chinese wash volume bulltraps, its silly.