EGRNF - Bitcoin: Chinese House Of Cards Is Collapsing

• The Bitcoin rally has either “only” been interrupted since April 14th or has ended back then, and the sector is already in a crypto winter.
• Only with imagination and a lot of optimism, a larger consolidation triangle can be constructed.
• All in all, the crypto sector seems to be on its way to the next panic low.
• Currently, however, investors have to prepare for temporary price losses in all asset classes. These will be more severe in bitcoin and milder in gold.
• We recommend the highest caution and a “risk-off mentality” for now. Should the evidence change we will shift back to risk-on, of course.

For further details see: