Bitcoin is still above the MA200 on the daily chart for now.
On the 4hr chart, bitcoin can't get past the MA200, and one big bearish flag has formed.
Expecting more drops to come and possible the 40k support to be tested within a week.
My trade setup:
BTC Short 10x
There is a CME gap at 50100
90%+ of these gaps get filled.
BTC needs to test 50k to go higher IMO, the combo of these two issues makes perfect sense for me to enter a short here.
My BTC short set:
Stop: 1hr candle close above 52175
CTK is making another push here. Resistance at 2.90, but I believe it will get by this time.
Mt CTK Long 20x trade setup:
CTK Long 20x
Stop: 1hr candle close below 2.821