BTC/USDHourly chart, forming a W for the time coming off the 30k level.
(a) We have hourly W top test into lows from January resistance, having just broke it 2 days ago as support.
(b) Break down on hourly and retest trendline double low, break that and we are headed for MAJOR WEEKLY technical level.
(c) W plays out and breaks out above January lows, likely if it breaks out, will pull back to retest 33k level.
(d) Following the breakdown of (b), weekly level is tested and can go into extreme fear, free fall environment.
The outlooks here are just my own, how I view current conditions.
