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- 🎄 Gate Square · Christmas Warmth Creation Event
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Manipulation is not about a whale getting insider information and opening a short position or something like that...
The current candle structure in Bitcoin is bearish on its own. Because the price can't even reach the intraday levels where strong declines occurred.
If we are going to see an upward reversal, the price needs to drop a bit more and then reverse with a strong candle.
And there is still nothing like this...
This does not mean that we will immediately drop sharply. However, it means that the trend is downward, and the market sees rallies as selling opportunities.