$BTC

Failure to hold the price at 56k will increase the bearish activity further down to 53k-50k.

I also noticed a target below on the weekly time frame which makes me decide that this could be our last bullish set up.

bulls require to break the 67k resistance to add confirmation to a bullish probability trend.

EMA on macro time frame has already formed a death cross. This is a bearish confluence which many traders follow.

Candle in the 4hr chart is currently trading below EMA200 which is also a bearish confluence.

amidst these bearish signs I will still remain bullish on lower time frame specially on 1hr chart & if this 1hr chart shows good bullish movement this might trigger the bullish pennant on our macro time frame

again over all macro is currently forming a bullish pennant which is soon to break out.

CPI is soon to announce and market will be very volatile during that duration.

I think this will be the time the market will move huge so better be ready and protect your bags as much as you can.

remember the mining rate is halved into half

and the supply is now lower compared than before