What happens next?

What happens next?

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We break downward again, and repeat the process.

25k
22k
20k
18k
15k
12k

>1H chart

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Huge pop, the Fed has pivoted on rate hikes and inflation has peaked. Straight to 40k

the 1D chart is just as bearish

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Looks like it's the bottom

short term pump before long term dump

Something

>too much downward momentum
LET THE BODIES HIT THE FLOOR!!!
LET THE BODIES HIT THE FLOOR!!!
LET THE BODIES HIT THE FLOOR!!!

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29k is the "bottom" just like 6k was the "bottom" back in 2018

We still haven't reached capitulation yet, but it's a good time to dca on the way down

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I looks like we're about to hit a new ath before eoy.

2 more weeks, right?

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>We still haven't reached capitulation yet
9 weeks of red IS capitulation you drooling retard
The futures market is all green now.
Cope and seethe bobo.

I see a falling triangle there, looks like we move up soonish

Check your id : TQQQ BOOM

>hurr durr we have had 8 red candles that means we need to pump
okay newfag, candles patterns don't mean anything. Bitcoin is only trading at -52% from it's ATH and this isn't capitulation because it usually drops 80% during bear markets. I'm not even a "bear" who is shorting/selling, you're just delusional like the retards who were calling for 20k back in 2018

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>because thing happened before must mean it will happen again!
The amount of volume to push bitcoin down 80% is enormous. Stop being delusional.
Look at the current moves in the traditional markets. Crypto usually follows that either way.

BTC double bottoms and DXY nosedives

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Would it be prudent to assume that DXY will climb again once the fed announces another hike in June?

Yes, and if not then, it will definitely pump again when the ECB starts their version of QT. Which I believe is in June also

redraw lines and let's crab some more.

you have to take into account that we didn't get a blowoff top so the sell pressure isn't as high. We got a double top, we already had a sell off before the second top to provide a healthy correction

Break down, then fakeout, then 3 more months of crab with alts bleeding sats