Though the market started bullish earlier today before we realized that its actually heading for a bearish pattern moves, this has also affected many other cryptocurrencies and we are now seeing more of the sentiment against pumping the market for now, though this is not a reason to fear or doubt about having a continued bull run in this season or getting to a new all time high, we should speculate more appropriate and expect the market pumping higher anytime sooner.
There’s no bullish trend even early today. It’s just a bull trap before the outbreak downward movement that is so massive right now due to another rejection at 70K level.
I believe there’s a lot of traders that shorting 71K to 70K level and long @ 60K level support since the price keeps dancing at that ranging. Institutional traders is milking tons of money from retails that FOMO on these levels.
It’s so hard to experience continuously uptrend movement above ATH with whale players already playing.