BTC has been consolidating within the 7k level and here is what I think now:
- It is still struggling to move up against the moving average
- Not much momentum at this point, the bars are smaller which mean there will be directional change soon
- Funding rate in bitmex going up which means there are more short pressure
- December is generally a cold season for BTC
- Alt coins are not performing well
May buy in lower level for now
