Just going to leave this here as we head into the weekend.

I don’t claim to have a crystal ball but I’m going to go out on a limb here and say BTC simply hasn’t made a long-term bottom.

BTC can bounce to $34,000-$35,000.

From there I’m expecting another move down to test the 200W MA or the exact middle of the Channel.

Too much confluence in this area.

Can’t be a coincidence.

This is very likely a Bear Market.

Something also to note is BTC has never formed a significant bottom, closing a Daily candle like this. Both Red and not filled.

The only other time I noticed this same type of candle under similar conditions was during the 2018 Bear Market:

Anyways just my thoughts here,

Let me know your perspectives!

(Side Note): Working on an SPX and NASDAQ update, and will post them probably Sunday.