Btc is forming a huge shooting star in the 4h chart. A closing bellow 52k will be bad news for bitcoin in the nearby future.

Expect a correction to around 48.7k $ (100EMA) unless btc finds support at +\- 50.5k$ (i really doubt that)

Overall, failed descending assymetrical triangle, bearish divergence, loss of open interest…

#BTC #NFA #DYOR