Bitcoin
Short

Bears stay in control.

85
Small consolidation zone between 27th August and 3rd September. 4th September saw price dropping out of the zone and a strong bullish rejection from the bullish breakout line. The move was wiped out completely the next day and thus turned into a bull trap.
Today the bullish breakout from 8th August was filled with a rather weak rejection.
The measured move down and the still unfilled bullish breakout from 5th August indicate price targetting the 50-52K zone ... at least.
Over the last 12 days we only say one strong bullish candle. Bears are definitely in control.

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