There are no signs of a bottom for BTC on the short-term chart. The selloff over the past two days is more of an emotional release; the core is two things: 1) The entire crypto exchange sector is moving into the U.S. stock market (isn’t crypto “not allowed” to do that? Fine—I’ll sell my coins and play in the U.S. stock market); 2) A few days ago, MicroStrategy sold 32 bitcoins at an average price of about 77,135 USD, totaling about $2.5 million. Although the amount sold isn’t large, it officially breaks the hard-and-fast rule that has been followed for years: “buy only, never sell.”