#Bitcoin: Spot traders continue to sell, led by the #Coinbase platform relied upon by institutions like BlackRock.
Despite their attempts to defend the $80,000 bottom and buy from those areas, these attempts have failed, and they have currently returned to selling again.
Any rise or rebound towards $94,000 was not sustainable, as it resulted from manipulation by futures traders without any real demand from the spot market.
The current price range is unlikely to hold for long, and may only be suitable for quick trades with a strict stop-loss commitment.
In summary: There are no confirmed signals for a bottom formation yet, and the selling trend remains dominant.
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