Not only China FUD. Yesterday we had very bearish news:
"We're continually evaluating our products and working with our partners to meet our users’ needs.
Today we’re announcing that we plan to wind down our derivatives products offerings across the European region, commencing with the Netherlands, Germany, and Italy.
With immediate effect, users in the Netherlands, Germany, and Italy cannot open new futures accounts on Binance."
https://cointelegraph.com/news/binance-to-shut-down-crypto-derivatives-trading-in-europe
Fallowed by 3.5% dump with decent volume and break of short term support (39-41k consolidation) making it a stron bearish event and ... no cotinuation. Scared people sold to strong hands. Being bad news resistant - best bull run indicator. Last time I called it at 5k$ during a run from 3.5k to 14k.
We had CBOE delisting news without any dump (i know its not bad news but look at it from lambo investor perspective. All of them was waiting for bakkt and btc etf and ... bum bitcoin is being delisted from cboe) It was, in my opinion, fud producing news and should dump bitcoin).
We had "bitfinex print 850 MM" news and only 3% dump? Under resistance? We should see dump at least 10% without this news simply from TA (fighting with very strong resistance, resting from 60% pump) had we had 3% dump with this news.
We had binance 40MM hack and next day we have break 6k resistance.
We are growing constantly with bad news hitting the market one after another. Guess what will happened when good news will hit market.