#Bitcoin

🔴Daily looks scary

🟢Weekly looks promising

🟠Monthly looks challenging

Daily Timeframe: Bullish Structure is broken, series of lower highs + lower lows with the daily support zone is lost | Bulls need to flip back above the one asap

Weekly Timeframe: Caught by EMA 50 + Descending Broadening Wedge - chart has a bullish potential | Would be good to see the daily structure to flip bullish at first and the whole economy to recover (Btw many blame crypto for this downfall while it's a TradFi is a leading narrative here. TradFi Bullish = Crypto Bullish)

Monthly Timeframe: Current picture looks scary as we broke below the monthly support zone (former major resistance zone) which looks to be a distribution. However we might reverse things for the bullish in case there is a close back above the monthly support, it will be a simple stop-hunt (fakeout). Whole month is ahead and we have a job to do!

📍My personal plan regards #BTC is to start DCA in case there is a mid-term downtrend - I see it as a great opportunity! Only local trades is now allowed with not too much leverage. ⚠️Mid-Term Trading is now prohibited until things will be more clear.