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I'm here to turn bearish again.
It's not that I want to be bearish, but right now I really can't find any reason to be bullish.
Looking at recent ETF data, we've seen continuous outflows for several days. Institutional money is flowing out. You expect me to believe that a bull run is about to start? I honestly can't believe it!
Many people study candlestick patterns and draw trend lines every day, but I think nothing is more direct than capital flows.
When money comes in, the market naturally rises; when money keeps flowing out, no one buys into even the best stories!
Remember, declines in a bear market can often be endless.
#btc