#MyWeekendTradingPlan
#Bitcoin Sunday Update
$BTC has broken down from the strongest support, the 1W 99 EMA, which had been holding price for nearly the last two months. Only a few hours remain for the weekly close, and a close below this level would confirm the breakdown.
As I’ve been saying, once we get a confirmed weekly close below the 1W 99 EMA, my next major target is 72k, and I still believe this level will be hit soon.
I remain bearish. I initially shorted BTC at 118k and added more at 97k, bringing my average entry to 104k. I plan to close 50% of my position at 72k.
If price holds a