Btc to 18-24k.

Scenario 1 is btc makes a higher low above 29k and we go on forwards and onwards.

Scenario 2 which is run the lows and test for more liquidity downwards. Expect a slow car crash till 30k breaks and then a flash crash with a lower target of 18k.
Currents market enviroment is risk off, and things are going to get worse before they get better, expect a further liquidity crunch to ensue.

The reason crypto is falling isn't crypto related per se but a strong dollar index, coupled with the stock market imminent crash and further aggravated with the fed incoming anti-inflation policies.

Notably if we get the crash scenario eth will also more likely than not tap 1100-1400, ftm 60 cents.

Expect a bounce at 31600 but bounces are to be shorted at the .382 fib until we see a reversal pattern or 18-24k gets hit.

By the way if 36k breaks today without a bounce to ~37k that's extremely bearish, and given how NDAQ and SPY is on the verge of breakdown that's a 50/50%.

I wouldn't want to baghold the drop, you get in near the bottom and get a much better r/r, it's like holding through the 2020 health event crash instead of buying near 4-5k.
If you are in the market and haven't capitulated when 40600 broke, it's not too late to sell and rebuy but if youare leveraged or too afraid to take the loss you might as well buy more down there and hedge short current holding.