It looks like market is waiting for some whale move.
The whales have been selling into the overly bullishness the last couple of days
Yes, you're right. Smth like "near-flat silent distribution" with 3 fake attempts to break 300.
But I don't think we're going very low, maybe 260-270 (?). I'm bullish in mid and bearish in short.
Mid/long taders can close ex and charts for few weeks and don't think too much about price.
Better correction now and then up than fast 350$ pump and strong downtrend like January.
I'm thinking a test $270, been calling it for days. Keeps the uptrend in tact. There's just too many god damn longs!