Bitcoin's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
Daily Bitcoin USD
Expect to see numerous calls for a TOP in Bitcoin today. The Evolution of the Trade defines a top as follows:
(1) The primary (monthly) trend has entered the Primary Trend Decline phase.
(2) A large bearish energy preceded or coincides with the TOP.
(3) A bearish divergence of price and ProIndex exists to some degree.
Subscribers, a group with access to numerous Bitcoin Reviews and the Matrix, understand the setup in the EOT. If you're uncertain, please read or watch the reviews right now.
Remember to use the reversals (supply/demand zones) to establish resistance and support. Reversal zones exist on the daily, weekly, and monthly time frames. The chart below highlights two of the daily zones. Expect them to be tested into any decline. The weekly and monthly reversals are stronger than the daily.
Daily Bitcoin $GBTC
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