🔍 Major News Items

Bitcoin & Ethereum down for 7th consecutive day

The crypto markets have slipped for a week straight amid macro uncertainty and increasing short positions.

The Economic Times

For a trader like you who uses candle-body direction (ignoring wicks), this suggests bearish momentum in the short term.

The market is trimming risk ahead of major macro releases (which may qualify as “red folder” type events).

The signal here: caution or scaled back long exposure until a clear reversal candle (body close above recent range) appears.#news