looking bearish unless orange level is reclaimed. so in the short-term I'm expecting there is a small recovery and then follow by a big dump about 17 to 30% to to complete this correction. as always it's not an Financial advice it's just my opinion based on Elliot wave and market structure
The bearish count would lead to 38k 27k and 24k respectedly. I expected a significant drop if this bearish count is in played though. Hedge short with SL above local high isn't a bad idea if you're over exposed to the market in this situation imo
little control pullback to demand zone on 4H and expecting big green candle to 48k. Otherwise say hello to 38k
Short setup BTC on 4H looking for a dead cat bounce and short this sucker to the ground