The volume profiles between June 18 and June 24 remain descending despite the price facing and moving upward. Such a divergence might be a worrying sign since it suggests that the current short-term really is nothing but a short-term correction, which will lead to the continuation of the downtrend.The same volume pattern prevails on intraday charts like the four- and one-hour timeframes, suggesting that Bitcoin has no support from both speculative traders and investors.
A total disaster among institutional investors pushed them away from the market, and only a prolonged consolidation may attract more investors in the future, as it would mean that the market has stabilized and may offer positive returns in the future.of the Fed will most likely create constant pressure on risky assets like cryptocurrencies and tech stocks.