#BTC #fomc I said it earlier hours of today that we are at the retest of the neckline, it has successfully declined forming a double top on the 1hr TF

#BTC What is Bitcoin's next move? #fomc

$BTC is currently at $42735 at the time of post, it is retesting the neckline of the double top formed after declining from the #ATH $44.7k and forming an M pattern. I am not expecting the market to continue higher at this point seeing that it has successfully been rejected at the neckline which is $43.5k which is also at the 50MA on the 4hr TF. I believe the bears are still in charge of this market which will most likely take us down to $38k. This is a very good time to open a short position, as many people got liquidated in the previous dump and missed it

What do you think of the present market, let me know in the comment section.

Disclaimer: I am only analysing the market, it is not a financial advice