We lost the support at 44k last night and saw a pretty sharp breakdown and is now acting as resistance on the smaller time frames.
Expecting a continuation move down to the area of interest around 38-40k before seeing another attempt and trying to change market structure.
IMO the market is still bearish and any bullish rally we have is a short term recovery.... You know how everyone screams "BUY THE DIP" in a bull market?
Well in a bear market we "SELL THE RECOVERY"
If you have trouble looking at charts objectively because of a confirmation bias, try inverting the chart and having another look
Expecting a continuation move down to the area of interest around 38-40k before seeing another attempt and trying to change market structure.
IMO the market is still bearish and any bullish rally we have is a short term recovery.... You know how everyone screams "BUY THE DIP" in a bull market?
Well in a bear market we "SELL THE RECOVERY"
If you have trouble looking at charts objectively because of a confirmation bias, try inverting the chart and having another look