Bitcoin's Next Move, Get ready!

**My analysis Continued:**


The 50 EMA is about to cross below the 200 SMA.


The last time this happened we got a relief rally then a dump below the 200 SMA to retest the long-term bullish trend line that started at the beginning of 2023.


The last relief rally was 20% over 2 days followed by a 21% drawdown that lasted 21 days.


This would mean that this relief rally could take us to 34,000 followed by a drawdown to 25,000.


I marked the RSI bottom on the chart to show where we currently are, and I highlighted the 50EMA / 200SMA cross-forming.


My strategy is to play both sides - alts may pop if we bounce here, then I will look for short entries as we approach 34,000.


I think the entry is most important for this move as you can see in my previous post, the fractals are designed to fake out and create indecision.