BTC Daily Technical Analysis (11-08-22): Bears are coming back? or continuation of the Daily uptrend?

Bearish signal on Balances exchanges:
More BTC coming on exchanges to get sold, whales are ready to push the price down if the S&P 500 starts first given the high correlation.

Possible bullish reversal on the S&P 500 in favor of BTC or the continuation of the down trend?

Close to the last high and 50% fib, with bullish divergence to be confirmed after the Weekly close tomorrow.

The next resistances to watch will be:

The 4290: the last + high in Daily.
The 61.8% fib at 4320 in confluence with the MA 62 Weekly.

For a bearish to bullish trend reversal Weekly is better to have more confirmations with technical and fundamental analysis, to avoid a fake break out.

We are in the bear market, I don't know when it will be over, but I am convinced that we are closer to the end than the beginning!

The good old DCA will do the job.

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