BTC/USD is going to $20k

First of all, Bitcoin broke down its trendline, so this makes me no bullish on it anymore... Honestly the very first day I thought it was a fake move. But it's not

Not bearish yet, but...
Under the first 2 red lines, there are millions of stop orders, it's not just stop orders, there are billions of dollars that are going to automatically sell bitcoin as soon as it goes $49.9k and lower, so it's simple to imagine what can happen when it's triggered.
It's very easy to fast hit $20k - $30k and return back to $40 - $50k.

There will be a fight around $50k before it goes down but I pretty sure it's going to break this support.

If you want some fun, just place your buy order around $20k if you have some extra $$$$... It probably won't happen, and bitcoin now turns back to $60k, but you will have fun if it happens.

Of course, it's not financial advice, but I'm out of bitcoin while this unstable market situation.

Good luck everyone and happy trading.