Live markets: Bitcoin selloff stalls as key indicator signals oversold conditions
Crypto
Bitcoin's price stabilized around $64,000 after a significant drop, with technical indicators suggesting the selloff was overextended. However, this is viewed as a technical reaction rather than a fundamental shift in trend, pointing to potential for further volatility.
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Angle
↓ SHORT-15% target+7% stop1-2 weeks
Short high-beta Bitcoin proxy MSTR, fading the 'oversold' bounce on the view that the broader downtrend remains intact.