BTC BEAR
it looks like bear, PVTO on 1w found resistance on the sma while it did a huge move, found resistance on the top red horizontal
Look at the circles, this is movement is very similar to the 2021 peak/jul19 and where the market consolidated for a while and before dropping, it made a move upwards retesting the upper resistance/ horizontal or the blue important trendline before retracing a big drop.
Be careful in both cases the market then bounced back up to the horizontal line or blue trendline to find resistance before dropping way further, in both cases meeting the blue trendline
Look at the circles, this is movement is very similar to the 2021 peak/jul19 and where the market consolidated for a while and before dropping, it made a move upwards retesting the upper resistance/ horizontal or the blue important trendline before retracing a big drop.
Be careful in both cases the market then bounced back up to the horizontal line or blue trendline to find resistance before dropping way further, in both cases meeting the blue trendline
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