I think we have a pretty good signal now seeing a pretty strong selling pressure. The break out to the upside was visibly weaker than the fall. There are just not enough buyers to drive the price higher but there will be more and more sellers to drive the price down.
If this analysis makes you uncomfortable just learn how to short.
If this analysis makes you uncomfortable just learn how to short.
Comment:
The only "weird thing" I noticed was a huge buy wall at 28k EUR on Kraken (34k USD). Now the biggest buy nets are set at $31k.