Pivot point: 46800
The expected scenario: entering short deals below the $46,800 levels, targeting the $40,000 levels.
Alternative scenario: entering long positions at the highest levels of 46800, targeting the $53,000 levels.
Commentary: Bitcoin is still in a general bearish trend in the medium and short term, through the descending price channel, which worked to reduce the price from the levels of $53,000, all the way to To the levels of 43,300 dollars, so it is expected that we will witness more declines during the trading of this week, to reach the previously mentioned price targets, especially in light of the price breaking the moving averages (100 - 50), in addition to the presence of a negative deviation in the liquidity flow index, which supports The negative outlook for bitcoin trading in the short term.
