BTC has been rejected at 47K again at 1H and 4H as well (I’ll attach screenshots in the comments) which means and the chances of BTC testing 50K again are risible if it doesn’t establishes a support at 47K . I’ve imagined two possible paths but I’ve to be honest, I’m bearish .

The bullish path BTC going up to 47K and then from there going to 50K, this can happen in many ways, not exactly as I’ve drawn here. It can even bounce on those supports and then go back up.

The bearish path is breaking downwards this bear flag (I’ll post it in the comments), this would lead to a bearish market.

The medium path is a retest of one of those two supports with a certain time of consolidation before going back up.

Let’s say I don’t wanna be bearish 100% but I don’t even see the bullish scenario happening ( MACD is crossing, volume is lowering) so I’d go with the blue path for now. Remember that my paths show the direction not the time, that is usually longer.

Bye