I had to include a one-hour chart because under the circumstances, my favorite 8 hours doesn't say much. So, EMA crosses on BTC/USDT and second red candle on monthly SPX chart are very bad for bitcoin. We have known this for a long time, and those who are new to this market can now feel it for themselves. Don't ignore SPX and EMAs death crosses (it's first of all to lunatic chuckleheads comments in my charts, try to learn something). Cryptocurrencies will not be an independent asset in your lifetime. I don't think they will have true power until 2070, when the generations born in the 20th century will be completely dead (we have old financial elites on the planet).
So, we have a very flimsy structure here, and we need to short it as profitably as possible. I want to hope he can make it to the bottom of the canal. Definitely a big short bid of 52,000. But little by little you can form a short position from 49950.
TP: 40000 SL: 53101
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Ups. I don't even know if there's enough power for 52K...
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Let's wait for the close, because usually after such an event there is no reason to talk about a quick exit above EMA200 (and then the achievement of 52000 is doubtful...).
@vishweshwaran26, I suggest you decide for yourself how you place your orders and with what leverage in that range. After all, the price may not reach 52000$. Ah yes, weekly MACD gave first red candle for first time in many weeks.