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R0MM3LL
Apr 11, 2022 12:57 PM

Bitcoin Bear Market Scenario Short

Bitcoin all time history indexINDEX

Description

Following macroeconomic environment, with inflation reporting this week followed by upcoming central bank FOMC meeting in early may (rate hikes & balance sheet reductions)... the following high-level SR zones are key levels to watch.

Assuming broader markets are going to experience a significant correction as the Fed loses ability to leverage QE & stimulus in propping up markets without hyperinflation risk, BTC as a risk-on asset will face significant headwinds.

Without a changing economic environment, the markets will continue to realize bearish sentiment with more speculative assets (tech stonks & "digital asset technologies") realizing the most severe of pullbacks.

FOMC in early May will attempt to reign inflation in, while June's FOMC meeting will include a more nuanced summary of economic projections given assessment of Q1 results as well as Q2 winding down.
Comments
Gunslinger2005
lol
R0MM3LL
@Gunslinger2005, little bit of bearish caution doesn't suit you?

Going to be an interesting several weeks as we see how this plays out.
R0MM3LL
@Gunslinger2005, playing out as expected.
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