$SOLBTC is clearly in a bearish pattern

SOL valuation in USD is already 30% below its ATH. But if we value the SOL based on BTC then we clearly see that the chart is clearly in a bearish pattern. $SOLBTX has already reached 0.0018. If we plot the Fib retracement levels from the last peak to low in the weekly chart the SOLBTC can go down to 0.001 which is the 0.786 level.

The upcoming macro-economic numbers like inflation and unemployment will determine the direction of this chart.

SOLBTC near term bearish.