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Bitcoin's broken bull?

The Market Ear Picture

Bitcoin - make or break levels again

China again talking "clean-up crypto". Following the impressive post-summer run, BTC has done nothing but produce volatility since mid-October and continues to trade inside the 60/66k range. What about the technical picture? 60k is a huge "must hold" level. Note that there is also some sort of trend channel low crossing at the level as well as the 50-day moving average coming in slightly lower.

RSI continues moving lower and the longer term negative divergence is not looking great. A close below 60k and many "anarchy" holders will get tested...