in weekly time frame total market cap has broken its trend line and probably is going to crash. The bearish market is starting...
As you can see in chart we the price exactly pulled back to 0.618 fib line that also is a resistant trend line.
price is under a resistant and the resistant is working and the price is breaking down.
If the price break the triangle from the bottom or top it gives us a position. i guess it will break from the bottom and the short position is likely.(personal idea)
The price probably will break the orange trend line and after the confirmation we can open a short position. our first TP can be 1.0550 and the SL is behind the red zone.(personal idea)
If the price just break 42000-44000 support probably it fall to around 40000.and if break 40000 too(which is unlikely) probably we can see the price around 34000 and then 30000. i guess the price will get back from 42000-44000 or finally 40000. (consider that i'm not professional it's just a personal idea.)