Ranges are indeed such beautiful creatures...
Short is safe for now, perfect bearish retest of the previous VAL and back to mid-range.
Distribution thesis perfectly holding with both the rejection and the fresh LL.
$BTC

$BTC
1H - For the distribution thesis to keep holding and the conviction in my short position, price should not start to find acceptance back in that little range and trade above PoC and fibs.
Ideally for my short, that's the place to get a bearish retest.
So far we are just  x.com/SailorManCrypt…

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Original Author: He Hao, Wall Street Insights

On Thursday, US stocks plunged, with the Nasdaq falling over 2%. Some traders sold precious metals to offset losses in the stock market, causing gold, silver, copper, platinum, and palladium to decline sharply. The US dollar index rose slightly.

Amid renewed concerns about whether massive investments in artificial intelligence can truly be implemented on a large scale, US tech stocks declined. Metal prices suddenly fell due to suspected algorithmic trading selling, forcing some investors to exit commodity positions, including metals, to obtain liquidity, while some funds turned to US Treasury bonds for safety.

Spot gold fell as much as 4.1%, and silver plummeted 11...

Gold fell more than 4% at one point, and silver plummeted 11%, as a sharp drop in US stocks triggered a sell-off in algorithmically traded precious metals.

Written by: Mahe, Foresight News
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