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#BTC Waking up and looking at this chart is really confusing.
All weekend, the futures market was either short or closing longs, showing a bullish divergence in futures...
Spot prices were being pushed higher over the weekend, but after reaching 88,000, buying orders couldn't push it up any further, resulting in a bearish divergence...
So the market is very divided. But ultimately, it's the spot market that determines the price direction... Now there's selling pressure again in spot, so it's back near 86,000.