Most of the crypto market assets closed the weekly candle in the red zone, and only a few projects closed in the green zone.
The fear and greed index is at neutral levels, indicating investor uncertainty about future movements.
And Bitcoin once again failed to close the weekly candle above the long-term moving average MA200w.
Moreover, a bearish Evening Star Doji candlestick pattern began to form on the weekly timeframe, but for its final formation it is necessary to absorb at least 50% of the growth of the previous weekly candle.
The RSI indicator has hit the trend line.
📌 Technically, everything points to a continuation of the fall and with a higher probability this week will close in the red for Bitcoin.
Therefore, we continue to hold our Bitcoin short.
At the same time, despite the red color on the weekly chart of alts, some of the coins are heavily oversold and are in no hurry to fall. Therefore, we will continue to increase the rate on alts.
So we get a previously unimaginable picture: Bitcoin is falling, but some of the alts are standing still or even growing. 🤷♂️
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