Here are my levels to watch for BTC. We are sitting at thr last lifeline before 52k.

Expect a bigger move soon.
My bias is down but I certainly hope up as I have no powder left to DCA. Not all hope is lost

Hopium:

With a lot of imagination I could see a falling wedge here. This would be bullish…
Looking for some tiny bits to keep up the mood here

🤑😱 #BTC The fear and greed index dropped to 22 - extreme fear.

Good for potential reversals. But keep in mind this shit can stay down for a long time.

I remember people having a lot of emphasis on this index on the öast bear from 70-15k. I believe it hit those lows at 40k region already and people expected the bottom to be in.

We are getting slaughtered

It was all in the charts. Unfortunately, I was right

^

Alts sell off less than btc. There is just not much left to sell

Volume is finally starting to increase. First good signs in days.

highest 4h volume since over 1 month

hopium intensifies

my first support at 52k held. for now

If SPX keeps crashing next week, don't expect BTC to decouple. We should see healthy bounces over this weekend tho

I don't think that our structure is bullish in any way.

If you look at the rectangles, this sort of consolidation is some bullish hopium here.

Related to the hopium.

Not much new dumb money in here currently. Explains the current state of the market.

However, this is somewhat reverse psychology:
The less noobs in here, the more upside.
Similar like high unemployment = bullish as we get more printing.

However, this isn‘t a bottom signal, more like we are resetting for a bullrun. We can go lower. Who knows at this point. Stocks will lead.

Bulls working on that weekly close 🤝

56.5k range next target