Haven't updated in a few days—not because I'm lazy, but there's really nothing worth writing about. This chart has been drawn for the third time already. The trend shows a bearish pattern, and the trading volume is terrifyingly low. Normally, a slow decline would drag on for quite a while, while a sharp drop might trigger a small rebound. For a proper recovery, it needs to form the scenario at position 1 (moving averages converging and then opening upward). As for the macro view, it's even harder to analyze. Bullish case: Stocks go up, sucking liquidity from Bitcoin. Bearish case: Stocks drop, and Bitcoin follows. Basically, at this point, there's no new money coming in.