Bitcoin UP or DOWN?

Part 2 : Let's proceed to bitcoin analysis. Just like with S&P500, I am looking for continuation of downside momentum, the preferred option is price test of demand zone of 17.5-19k$ to collect liquidity with possibility of updating previous low. I would not consider longs on bitcoin while we are trading lower in range or below Candlel 1. (22k). In the second scenario, if we consolidate at 22k, then it makes sense to look for longs to our resistance zone (25K), but this option is more unlikely due to the current macroeconomic situation.

All parts are in my tradingview page!