What's your thoughts on the whole bankrun thing and BTC? Shortterm bullish or bearish for BTC? I know it's up today

The narrative that has taken hold over the past two years is that, as a “risk” asset, Bitcoin follows US stock markets, which have entered a bearish cycle since the Fed began its aggressive monetary tightening campaign to combat inflation. But pressure from US regulators and the recent collapse of Silvergate also undermine investor confidence.

(Investificar)

BTC trying to test 24.5K ? Next liquidity area to test resistance. Nice move does not seem like going to slow down, but we will see what upcoming week has in store for us. Remember on bigger time frames like the weekly candles still bearish. So be wary but at least something positive ! Trading BTC USD 8hr candles chart:

XS! Where have you been? I got a job to help me in this bearish market!

What do you do with your checks?
Buy more crypto

It is obvious that the sentiment of the #CRYPTO market is bearish right now, BUT despite this, "BIG PLAYERS" are still looking into the sector and wants to join in the action.
The few and wise ones are the ones who know that big profits are "being made" in bear markets.
So stay patient and follow through.
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Check out the full article here: https://www.theblock.co/post/176920/european-vc-launching-crypto-funds
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Still waiting for a last capitulation event in crypto. It will probably come after a drastic drawdown coming from the global stock market and the fearsome "recession" that everyones talking about.
This is the first macro BEARISH TEST of the crypto space. Lots of generational wealth will be created in this BEAR market.
Lets BUY the BLOOD my friends.

on the 4 Hourly TF btc is trading at the sideways in the triangle at the moment btc is testing the 18k level support area for the 3rd time however considering the overwhelming bearish momentum a break below this significant level is likely
In this case btc would record a new lower low in the current bear market and the price could drop towards the $15k area .

Quick drop in BTC drop...Seems to be ETH taking the bigger brunt of the fall and could drop looks like to 1250. There should be support. Hopefully that is the end of the ETH bearishness mainly due to the hype done on POS. Long term ETH great but in the shorter time frames have to be careful or just look away. Chart on ETH from tradingview 8h candles :

Breakfast is ready for the bearish morning

How far can this go? Are you bullish or bearish? Let me know what you think in the comment section!

Being below the weekly 200MA and the monthly 50MA, i'm still very bearish. With the monthly candle to close in three days, unless there is a big upswing, BTC closes beneath that aswell.
The yellow horizontal line is the previous ATH, currently acting as support and being retested.
A few months back i was looking to buy in the 20-30K zones, but now i honestly believe we are heading closer to the lower end towards the 10k zone.
Current world events, Russia/Ukraine, recession on the horizon, cost of living crisis in the UK (not sure about other countries) and the stock market taking a hit, i only see more downside movement in the months ahead.
All this being said, the BTC halving is in May 2024, so if the cycles do play out like they have before, this is a great opportunity for us all.

Some useful trading acronyms

TA: Technical Analysis
FA: Fundamental Analysis
ATH: All-Time High
ALT: All-Time Low
HOD: High Of Day
LOD: Low Of Day
HH: High High
HL: High Low
LL: Low Low
LH: Low High
HTF: High Time Frame
LTF: Low Time Frame
Be: Bearish
Bu: Bullish
TP: Take Profit
SL: Stop Loss

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Interesting week ahead. Bearish engulfing candle on the weekly time frame?..
https://www.dailyfx.com/education/candlestick-patterns/bearish-engulfing.html

So it's bear season already. Officially bearish...