BTC/USDT : Bearish move towards 22900 confirmed

Context

After having penetrated 32400/28800 area the BTC confirmed that the previous wave structure for a direct recovery was not the correct one. The Symetrie now in term of fractal auto-similar move is showing 22900 / 18800 area as a key zone for a major buy back.

All the technical elements such as EMA (moving average) , RSI indicators, graphical breakout and Elliot wave account are accumulating bearish validation in parallel of one hand strong macro economic fondamental ( inflation , supply crisis from Ukraine war and China lock down) and in a second hand a defiance towards stable coin and DEFI protocal.

TActical View 3 to 12 weeks:

In this configuration the Tactical picture is now bearish ( bullish scenario above 36700 invalidated: Below 33800 firther downside move towards 22900 (26000 is acting as intermediate support)

Strategic View :

Once the panic mode will be eraze from the market and the tactical bearish move has been triggered a new recovery above 18800 is expected to start the wave V and rechallenge the previous tops.

Enjoy my friend