🛑 A year ago in May, the global media announced a total ban on #BTC mining in China, but what about today?

⚡️Well China came back 2nd in the world (21%) behind the United States (38%), and followed by Kazakhstan. 💪🏻

🔅#Bitcoin Correlation with US Indices⁉️

👉🏻 While #BTC stabilizes in a range, the #NASDAQ and #S&P500 continue to drop in their downtrend channel...

🔅#Bitcoin Quick Update‼️

▫️8 consecutive red weekly closed candles!
▫️This has never happened before.
▫️The previous record was 7, on last week.
▫️The current candle of this 9th week just opens in red.
▫️#BTC seems now to stabilize around the $30k mark...

😰#Bitcoin Loves Playing With Your Nerves⁉️

👉🏻 After a fifth touch this weekend in its range under $28,300, many analysts were already seeing the #BTC falling to $20k, bear market is here, you have to sell everything, it's the end of the world, blablabla as usual 😂
$BTC decided otherwise with a strong rebound that frankly crossed the FIB neutral zone (38.2/61.%) and the $30k mark, like at high-speed on a German highway, reaching nearly $31,000 right now.

👉🏻 Again, don't try to fight $BTC when it's moving in a range with low volatility and no volume, because the breakout will be totally unpredictable at 50/50 up or down.
So if someone told you $BTC is going to exit either by the North or the South, he must see it in a crystal ball or he's just a big liar. 😅

🔅#Bitcoin Now Testing Key Level‼️

If #BTC's 14% rebound moved its price out of its range with a candle-wick that reached $32,500, it was a good news to restore some positive sentiment in the crypto market, whose indicator just jumped from 10 to 16.

Now, beware because the price has returned to the top of the range, exactly on the resistance which is also the key Fibonacci ratio of 100% and that will have now to be Tested by $BTC.

I don't have any prediction next, except that $BTC may have to test several times this key level before to occur a clear upward breakout, and therefore stay in this range for as long as it take... unless it just bounces off this key level to start rising again on next hours! 😅

Here is my link to open the BTC chart directly on Tradingview for a better image resolution.
https://www.tradingview.com/x/4ExctKD7/

⚡️Since the start of this violent correction about 20 days ago, this is the strongest #BTC bounce we've had so far with +18.50% and a return above $20k (and $ETH +31% above $1,100 level). Let's hope the tone is set for this new week...

🔅$ETH Overlap on the "Head & Shoulders" diagonal neckline downtrend.

Note: #BTC has a similar pattern

TA: #ETHUSD TF.2-h

✨#BTC at $69,000 ➡️ Bulls thought it would hit $100,000

✨#BTC at $20,000 ➡️ Bears think it will hit $10,000

👉🏻 Either way, both will be wrong. #Bitcoin never goes as high or as low as these so-called speculators think. 😎