...If you pay attention, you’ll see that just before a breakdown after several days of distribution, a negative news story tends to appear in the media, and then BTC dumps hard.
I’d love to learn more about this. Your opinions are welcome.
There is an opinion that "The news adjusts to the chart, not the chart to the news". This means that according to technical analysis, this price reduction is already included in the chart and the negative news acts only as a catalyst. In general, the price reduction would have happened anyway, even if there had been no negative news.