Why feeling bearish currently?

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Everyone already knows about the recent MT Gox and Germany FUDs so I won't say the same thing a thousand times.

What I want to talk about here is macro economic developments. This week's data has been extremely bullish, but despite this, BTC has not been able to sustain the upward levels and we have not even seen +60K yet.

At this point, it would be fair to say that the number of BTC buyers has dropped considerably. Due to the FUD created by Germany and MT Gox, there has been a huge increase in selling and a huge decrease in buying.

The fact that good macro data still cannot make the BTC price +60K draws a very Bearish picture. This picture could continue until September or end at the end of August.

I think this bearish outlook will end completely with the approach of the elections and Trump's victory and BTC will make a new ATH run. However, until then, I will continue to be Bearish on BTC as long as +60K is not caught.

Also, the ETH ETF will start soon, which may lead to a short-term rise in altcoins, but these non-permanent rises will only create short opportunities.