Technical analysis by efafinans about Symbol BTC on 5/21/2022

After making ATH, Bitcoin started to fall on November 9, and gained momentum with the Luna crisis on May 9, and is currently in the weekly support zone. Although the bulls are trying to keep it in this support zone, the psychological superiority is in the hands of the bears. In addition, Bitcoin closed 7 consecutive weeks in the red for the first time in history and broke through by falling 12,200 points below MMA90 for the first time in history. Before starting what comes next, I want to write a few things. Friends, just because this, that, something like this has never happened in history does not mean that it will not happen in the future. There are many wrong perceptions on social media. I don't know, it closed the weekly red 7 times, it won't close the 8th time, RSI bottomed below 50 3 times and started to rise, the same thing will happen, no sir, it never fell below the weekly support, it won't fall this time, etc. etc. Look, friends, these are completely false information put forward to manipulate investors. Do not shape your investments according to such unrealistic statements. Always act according to reality. If the selling pressure continues, it may close the weekly red not for the 7th time but for the 8th, 9th, 10th or even the 15th time. Such an analysis method has never been seen anywhere. I repeat, do not listen to such statements that will confuse you on social media, otherwise you will be the one who will be upset. Let's come to my expectation in Bitcoin. When we look at the downside, there is an upward trend support that started at the 3.8k level on March 3, 2020 and was tested 3 times in total with this last touch. Last week, the trend left a wick below but managed to close above it. When we look at the candle formations, there is a positive outlook with the last weekly candle. There are 1g 10 hours until the candle closes. If the candle closes like this, we may see a slightly green market next week. If it falls below the trend, I think it will suffer a serious loss of momentum rather than a volumetric decline and the price will be in the consolidation phase for a long time. Scalp transactions are my suggestion in times of high volatility. Those who buy goods from above and stay inside can add from these levels and reduce costs. May your spot wallet never be empty. I will try to help you as much as I can. I wish you green days where everyone deserves to win...