BTCUSD The Bad News Rolls in Right on Time. 1H

This is getting comical.

Luckily I'm bearish on fundamental reasons and I'm looking for technical reasons to stay bearish.

The 1 hour looks pretty bullish? hah, actually it's on the verge of a breakdown again as this chart is inverted and is showing signs of reversing.

I see a 1 hour bullish, ahem, bearish signal. Not the best but this will be a leg to test and start a new down trend. Overall we're in a lower high formation with a 75% retracement on the leg down from the 64k top.
My last chart was banking on the 618 reversal zone, but just because it was wrong doesnt mean I'm not right to be bearish.

We'll see how much longer you can hold bitcoin while making sacrafices in the upcoming shortageapocalypse.

Enjoy the show.

- This is not financial advice.

Comment:

4hr is near an inflection point, a breakdown or breakout is likely. This wave doesn't look like it has enough steam to push into real bullish territory, ATHs, and if this does breakdown it will be more massive than the last.

The bigger they are the harder they fall.