TRADERS: Smart money is behaving in this manner due to their spoofing. I compared the overall volume from now which I've noted and there is hardly any difference.
What does this mean?
BITCOIN will recover. Sometimes spoofing isn't done intentionally but to adjust the TA for more BULL RUN space from an overbought. This does not always apply.
We can use the stochastic RSI as an example from the daily timeframe. Heiken Ashi was at 100 overbought but volume was at 97% from days ago. To adjust for more bull uptrend, there must be a minor dip which doesn't always happen, this minor downtrend reduces the stoch numbers.
As of now,
HEIKEN ASHI reads 98.38
VOLUME reads 92.34
My second thought is this; for the daily to reset to 0, this would mean BITCOIN would have to drop to near about 57k, or smart money will play with the trend by moving it down and then moving it back up to start from 0.
It's unclear the true intentions, for this reason, we wait as new traders for entry.
To avoid all this noise, use a 1 WK TF and buy at the line level of 22 (not 20) as the BULL momentum has crossed from the stochastic RSI 22.