Bitcoin is struggling again in a poor sign for risk trades.
It’s back through $100,000 in a quick move down from $102,500 in the past hour or so. The level to watch now is the Asian low of $98,677. There was a solid bounce from there earlier but if it breaks ewe could see a drop to $96,000.
Bitcoin 10 mins
In the bigger picture, this isn’t a good sign for risk assets (at all).