Short squeeze + Xi's "seize opportunity to adopt crypto"

President Xi obviously holds a lot of crypto, because he made his announcement at the perfect time as BTC shorts were experienced a 43% gain in the past 2 days before. He will probably be selling at the 9k range, where there is a convergence of trend line resistance and daily moving averages. This sell off at 9k -> 6800 will ensure the death cross on the daily chart. I'm short down to 5k.

Yorum:

Accumulate 7k->3k.