The BTC price broke down below the swing low supported by the FTX fud
Bullish bias were changed into bearish with a lot of short position opened at breakdown. Also we saw a volume capitulation and funding rate capitulation for first time in this bear market.
Reclaim of lost support would lead to an aggressive expansion.
Bullish bias were changed into bearish with a lot of short position opened at breakdown. Also we saw a volume capitulation and funding rate capitulation for first time in this bear market.
Reclaim of lost support would lead to an aggressive expansion.