Falling Wedge bullish and OnChain Analysis

Aggiornato
The market is in the extreme fear. However some divergence bullish appear.

1) On Chain Analysis show a strong accumulation on blockhain exchange reserve

2) Entity-Adjusted Dormancy Flow is very near the bottom on 19 july ( we are close to 9%)

3) Tecnical Patter Falling Wedge

4) Positive News: LionTree Could Start Accepting Cryptocurrencies for Services, ETF SPot japanese approved....

5) Put/Call ratio 0.69 bullish (241221), max pain price close to 49k

Worst scenario anothe dropdown of -10%, mild scenario close to max pain price
Nota
we are also close to bottom on july of Rerserve Risk indicator bottom july 0.003 today are 0.0031
Fundamental AnalysisonchainTrend Analysis

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