BTC Futures Wall Street Bears comingI am expecting a bull trap before massive shorts come in. 50 MA $8500 , 7.3 100 EMA, 5.5 200 MA and 4.7k EMA. A full .786 retracement puts us at 4.7k and .618 7.1k. Dailly RSI confirms a bearish divergence. Markets fall faster than gain, and big money will take advantage of the volatile market. Be careful going long here. Nothing goes up in a straight line forever , market retracements are a healthy part of markets. I wouldn't go in anymore than 10% equity until things clear up with what the big money wants to do. But I highly doubt banks will pump this as Bitcoin is a threat to them.
