Hello everyone. So, one week has come to an end. Today, we begin a new week, but perhaps the signal is a bit sad.

The candle from last week for $BTC is quite bad, it signals that this week will be hard to see a price increase. Of course, I don’t just rely on the weekly candle to make predictions.

Let's see, on the daily frame, the price has been below the 7-day and 25-day moving averages. Bad things will happen if the MA7 line crosses below the MA25 line, it has already started to cross.

In smaller time frames, such as the 12H frame, a bearish Engulfing candle has appeared. The 4H frame is not promising either.

In summary, the situation is quite bad for #bitcoin , the Long side is at a significant disadvantage both in the short and medium term. In my opinion, it is likely that $BTC will return to the nearest support level in the price range of 98-99k. Always keep an eye on it and minimize risks as much as possible for you.