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The Bitcoin market navigates bearish waters 🚀
The analyst Axel Adler Jr from CryptoQuant points out something interesting. Bitcoin seems to be moving in neutral bearish territory 📉. Prices are down. Weak derivatives. Everything below 50. The crypto community is unsettled.
The receiving flow does not look good. Weak. Negative at times. If there is a recovery, it could just be a correction towards $113,000. Nothing extraordinary. Just returning to the 30-day average value 🌕. It does not seem like the beginning of something big.
Capital is not flowing enthusiastically. There is a lack of appetite for risk. We might see a technical bounce between $113,000 and $115,000. Capital could stabilize 💰. To really change the situation, we need to see flows above 55. Also, prices above 50. It's not that simple.
Meanwhile, the lower limits could continue to be tested. Experienced bears know this well 🔥. It's better to remain cautious. The indicators are sending confusing signals. A bit disconcerting, to be honest.