Bitcoin Technical analysis: The big on-chain bearish signal!!!

Large peak of BTC which arrived on the exchanges ready to sell.

The balance of BTC with more than 45K BTC and the majority via Coinbase known by institutions which are very strong hands.

The Dollar DXY has just break out on the top of the bearish channel which confirms the bull flag, in confluence with the MA 62 in blue.

The DXY confirmed the Daily bullish divergence on the Torys RSI after yesterday's close.

For the moment on the last H4 candle we are doing a pull back on the MA 62 in blue which has become support.

A Bullish dollar, the S&P 500 with BTC have a lot of chance to continue the down trend!

https://www.tradingview.com/x/znTVUWV6/

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