Looks like the local botom is in at 46k. Even assuming the bearish scenario where we're painting a bear flag of sorts - why wouldn't the price re-test upper trendline of the channel around 53k or at least the heartline around 50k before another move down? RSI also seems to be in a channel of sorts and it's bouncing near the bottom of the range in oversold area.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.