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BTC price rejected from the upper band of (STH-MVRV) Bollinger's bands , indicating that Bitcoin rally has almost finished in the short term , as Bitcoin price rarely moves outside the Bollinger bands. Bitcoin has to be settled in the middle of the BB or move to the lower band .
In a Bitcoin bear market, short-term holders will hardly be able to sell at a profit.
Every time unrealized losses start turning into unrealized gains, price simply stops rising. Strong resistance forms and the downtrend continues.
In the Bitcoin market, the real alpha comes from combining on-chain data with fractal analysis. That is the highest level of alpha analysis.
@Darkfost_Coc@cryptoquant_com BTC price hasn't reached the STH SOPR=1 yet , I think we may have experience one more upside attempt. 80k _83k area may got touched.
@joao_wedson Although I have opened a short position on Bitcoin , but I think that "This Time Will be different" . Let see what happens, if it droped in the coming days , I will come here and comment on this post .
@joao_wedson When I take a short position markets start pumping , when I take long position markets start dumping instantly . When I take both long and short positions simultaneously , market starts moving in a tight range 😥