Some strong reasons to believe that we are already done here and it is not going to rally further.
Yesterday's attempted rally at 2463 range had a huge second potential for Bitcoin to test the highs yet it is algorithmic smacked down hard by certain individuals on both Huobi and Okcoin.
A possible bounce will unlikely to break the now resistance already.
I'm suspicious about this rally all along is with the amount of force exerted on Okcoin. During the strong uptrend, it is constantly higher than huobi by at least 20 ~ 80 CNY.
Target for next 24 hrs: 2468 CNY
Weekly target: 2100 CNY
Yesterday's attempted rally at 2463 range had a huge second potential for Bitcoin to test the highs yet it is algorithmic smacked down hard by certain individuals on both Huobi and Okcoin.
A possible bounce will unlikely to break the now resistance already.
I'm suspicious about this rally all along is with the amount of force exerted on Okcoin. During the strong uptrend, it is constantly higher than huobi by at least 20 ~ 80 CNY.
Target for next 24 hrs: 2468 CNY
Weekly target: 2100 CNY