Its that time again where the general markets have impacted BTC. For the newbies, we need to keep an eye on other markets as well to anticipate moves such as this. Even though we had a bearish divergence on the 4 hrly, the drop was significant although not bearish. Short term for BTC in my opinion for now, sideways or more lows. BTC landed on the strong support trend line so we are having that bounce...so I bought the dip. Lucky prior to Binance pausing transactions.
As for the markets, here are the dip\the evidence.
SP500
Silver and Gold
NASDAQ
DXY: USD bouncing is the cause in my opinion
There is also other news such as the US printing more stimulus package. US lawmakers reach deal on 900bn stimulus package.
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