BTC is an easy short from here on the weekly chart
I personally don’t short or use leverage in any financial instruments, but if you were to use these tools i see a very clear short for btc here. You put the stop above the 50 week ma and you take profit at the 200 week ma. You have a good risk reward / ratio of 2.5 to 1. In this environment where the stock indexes are in a bear market or about to be in a bear market, btc has no place in anyone hodl position for the time being. This is an asset that you buy when everything is hunky dory and you have a good risk reward ratio. Buying BTC at 40k now for hodling makes as much sense as going up to an aggravated donkey and trying to kiss its ass. It wont end well for you.

