BTCUSD Opium

Bulls need some cheering up so here's some hopium. RSI is looking okay and bulls have the 200MA on their side. Wick down to 40K would cause a buy rush to break trend resistance. Sizeable bounce would be expected, but if weekly and monthly candles close as bearish as they are now, any sort of bounce should be taken as a deadcat only. I would not expect it to reach 60K. Expect March to be painful. Watch your knife catching above 38-40K