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Looking at price action ATM on a HTF, I won't be wrong to say that this could be the bottom
Based on TA, there are several reasons to say that we have bottoming here.
Nevertheless, because market can stay irrational longer than you can remain solvent, then it won't be surprising to see a violent wick down but still doesn't close below the current level on weekly
As usual, these are not predictions but opinions based on PA.
Finally, we now have a very very difficult task ahead of us technically, and that is getting back above 40k
Don't be surprised if we just range between 16k and +40k for Several Several Months
And if this is not the bottom then expect winter because there's also a very scary chart pattern that makes us really want to see price get back above 28k.
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There's something positive to say about very efficient teams. Man City has 3 shots on target and they have 3 goals out of a total of 5 shots. They conserve energy and scoring more goals as the opponent's defensive capacity wanes, Some teams would fire 20 goals off target and a few on target. Such teams can easily get beaten by ultra defensive sides. An example is Arsenal. They waste so many chances that they can't utilize it and at the end they might end up losing the game
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