Daily, if price starts moving to fast, we have a bear target that was never hit at 53K area. I am not saying this will happen but just be aware. {image}
Ignored
This scenario is coming true,
We sell pullbacks to 64 and 68K targeting 53K.
Simple.
2 Harmonic swings on daily chart attached
Bitcoin
market still coiling around the lows means that probably we are going to have another go lower.
stock market, ipo on Space x and Ai companies as well, this means investors will need cash and usually that comes from crypto and gold.
for bigger moves down which are tail risk for bitcoin you need a collapse in the stock market, for now there is no sign of that.
daily shows stagnant pa which is this situation is more bearish than bullish given the bigger picture.
4 hours has pennant consolidation also bearish
