1. Note that the weekly is struggling to stay above 50. We can see what happened the last time Bitcoin failed to stay above this crucial level. Is this foreshadowing a further bear market ahead?
2. The weekly 50MA is now around 7650 and we may challenge it again soon. Normally, this would be considered a strong , but has been very weak. Should Bitcoin close a candle below it, this would be yet another bear market signal.
Keep an eye out and trade safe.