We are currently in a downward trend due to the weekly candle
I think we are pullback to $ 40,000 and then the downtrend will continue
The strength of the downtrend is beyond 40,000 and 47,000$
This means that in order to form an uptrend we need confirmation above the level of $ 50,000 and the downtrend will not end any time soon.
Anyway, for a trader, only movement is important and I have no bias.
Avoid positions opposite to the trend
The trend is our friend
good luck
I think we are pullback to $ 40,000 and then the downtrend will continue
The strength of the downtrend is beyond 40,000 and 47,000$
This means that in order to form an uptrend we need confirmation above the level of $ 50,000 and the downtrend will not end any time soon.
Anyway, for a trader, only movement is important and I have no bias.
Avoid positions opposite to the trend
The trend is our friend
good luck