Most convincing I have seen so far. Past days were forced selling for sure. If supports don‘t see any room to breathe, then someone is forced to get out.

😱 Stablecoin Inflows Double Despite Persistent Selling Pressure

“It is a positive signal, as it shows that investor interest is gradually returning at this level of correction. This dynamic still needs to strengthen, but some participants are buying this dip.” #stablecoin link link

Gz who did 🤝

🇨🇳👮 How to Understand China's New Rules on Tokenization and RWA?

On Feb. 6, Chinese authorities jointly issued Document No. 42, repealing the 2021 "924 Notice". The new rules maintain a strict ban on cryptocurrencies but formally define and regulate RWA (real-world asset tokenization) for the first time. RWA activities are permitted if conducted on approved financial infrastructure and under regulatory oversight. The document also introduces a filing-based framework for offshore tokenization of onshore Chinese assets, indicating a shift from blanket bans to regulated, compliant asset tokenization. #regulation link

Ok wtf?

I want to see BTC >73k to get bullish again

I haven't updated on $DJI in a while. We have broken out and are in price discovery. This is a historic beak and actually insane.

$DJI log chart also absolutely crazy.

This is the DJI log chart, resistance between 1929!! and the DotCom bubble is broken.

$SPX log chart is the same. I belived we were topped but the quick retest of the previous ATH makes this chart very important again. Target for this log channel is SPX to 8000. If we hit this, I will be very bearish and am looking for a proper correction to the lower channel which is around 6000 right now.

200W MA is at 58.3k rn.
I would not be surprised if we touch it eventually. Last dip missed it just by a bit.

Gross market.

Let‘s see if we can touch 73k to form a HL.

Nope..
Pray for 64.8k to hold.

This chart isn‘t screaming strength so far..
Best we can hope for is consolidation for now I guess..

This is what I see here:
Continuation triangle pointing towards another leg down unfortunately..

Hopium is a break to the upside. We need to break 73k and we should see a rally above. Right now I‘d lean towards 58-59k test (at least) first.

Looking at Gold and stocks, all of this price action doesn‘t make sense. TA wise it does, it simply is a bear market while everything else is having fun..

Wouldn‘t be surprised if we get one retest in the yellow circle and then dump slowly towards 58-59k

Hate to be right

Well aside from BTC being so weak, that it couldn‘t even properly retest the triangle…
SPX is green again.
I am convinced that something fundamental broke on 10/10. yes bearmarket but there is no real reason for btc to be this weak and the remaining market to endlessly bleed