#MyWeekendTradingPlan

‍#Bitcoin Sunday Update
$BTC has broken down from the strongest support, the 1W 99 EMA, which had been holding price for nearly the last two months. Only a few hours remain for the weekly close, and a close below this level would confirm the breakdown.
As I’ve been saying, once we get a confirmed weekly close below the 1W 99 EMA, my next major target is 72k, and I still believe this level will be hit soon.
I remain bearish. I initially shorted BTC at 118k and added more at 97k, bringing my average entry to 104k. I plan to close 50% of my position at 72k.
If price holds at 72k, we may see a bounce back toward the 1W 99 EMA as a relief move. However, if we get a weekly close below 72k, then BTC is likely to enter accumulation zone between 54k and 72k, where I’ll be looking for long opportunities, as shown on the chart.
$BTC

‍#CryptoMarketPullback #MiddleEastTensionsEscalate #CryptoRegulationNewProgress