Bitcoin Bearish: $61K Rebound Before Drop to $47K?

I'm currently bearish on Bitcoin. After failing to hold the 21-week #EMA, we saw a significant drop, followed by an unsuccessful attempt to reclaim that level within the same week, a concerning sign overall.

The most likely scenario, in my view, is a tap into the $61,430 level before heading lower, targeting somewhere between $49,200 and $47,200.

On the bullish side, #btc would need to break past $65,000 and hold that level to start building up better bullish momentum.