Technical analysis by yoyokenwan about Symbol BTC: Sell recommendation (5/8/2022)

Here is a clearer visual analysis of where I think Bitcoin will be going. The bear flag formation from 35k and 48k has been confirmed and it looks like we could be going down to the next fib channel support which is around the 32k price range. If the 33k - 32k breaks the next support that Bitcoin must hold would have to be at arnd the 29k to 28k levels in which a possible dead cat bounce could happen. However, this could be a start for of bigger Bitcoin correction possibly all the way back down to retest 20k - 19k which I hope and doubt will be the case. I will likely be in shorts this week as opposed to my bullish nature of longing.