Currently, BTC remains confined within the broader range of $90K to $100K, with recent movements tightening to a range between $95K and $100K. The directionless trading diminishes the significance of the MACD's bearish crossover. It’s essential to remember that indicators are derived from price action, not the other way around. MACD signals need to be confirmed by price action. The indicator's bullish signal in mid-October was backed by prices breaking out of a multi-month trading range.
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AI took a Venice market photo
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