Midterm SMA analysis - possible bear market

Short

Bitcoin / TetherUS (BINANCE:BTCUSDT)

Updated

BINANCE:BTCUSDT Bitcoin / TetherUS

Economic Cycles Moving Averages

economiccycle movingaverage

Everything described on picture

Short: 49k
TP1: 38K - horizontal support
TP2: 22K - 20 weekly SMA (NEVER BROKEN!)

Comment:

TP2: 22K - 200 weekly SMA (NEVER BROKEN!)

Comment:

TP1 reached

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