Hate to say it but things not looking great, so leaning bearish after failed rally.
1. 48k is area for price to oscillate around there
2. 42k is first target to down side that might be attracting price but not that certain that it will hold in case price gets there
3. we might see a raid of 37k case in which bear market might be already started by then, but if we get V reversal that would be quite a powerful move
4. 53k is a sell at first test
5. reclaim 57k area then 62k could be a possibility also and reevaluate
TLDR:
53k hedge any remaining crypto exposure
42k BTD on spot and pray
37k most probably bear market is on but also max financial opportunity for bulls
62k ATH incoming but also max financial opportunity for bears, leveraged shorts maybe..
1. 48k is area for price to oscillate around there
2. 42k is first target to down side that might be attracting price but not that certain that it will hold in case price gets there
3. we might see a raid of 37k case in which bear market might be already started by then, but if we get V reversal that would be quite a powerful move
4. 53k is a sell at first test
5. reclaim 57k area then 62k could be a possibility also and reevaluate
TLDR:
53k hedge any remaining crypto exposure
42k BTD on spot and pray
37k most probably bear market is on but also max financial opportunity for bulls
62k ATH incoming but also max financial opportunity for bears, leveraged shorts maybe..