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Crypto Technical Analysis: Is the selling bias returning to the market?
The last week of May is coming to an end, and the cryptocurrency market is once again showing broad weakness. All major cryptocurrencies closed the week in negative territory, while Bitcoin, the market’s reference asset, also posted a significant decline and reached weekly lows near the $70,000 area. For now, the selling bias appears to have returned with more strength. Current pressure reflects a lack of demand appetite that could remain relevant for cryptocurrencies over the coming trading sessions. All major cryptocurrencies posted declines over the last seven trading sessions, reflecting broad short-term ... (full story)
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