Retest of broken trend line (rising wedge pattern) bearish (BTC)

After rejecting $50,000 and dropping more than $5000 there's a chance it may take a few weeks to break the big psychological resistance level, however there's still the chance this is the dip and now we're headed towards $55,500.

We've seen a relief pump since the drop and I'm expecting more downside after retesting the broken trend line, if $47,222 holds we can discuss long options, but until that happens I've decided to take a bearish scalp from the $48,000 level (give or take)

Will post an attachment to this post when I've closed the trade.

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a slight pump before the move playing out should be expected.

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funding:

now: 0.1392% 1 hour +

predicted: 0.1550% 9 hour+

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$47,222 is the current aoi

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fear & greed: 93

alternative.me/crypto/

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added a little size to my short as we're nearing resistance

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