BTC/USD - 🚨 $40k Support LOST! BEARISH Cross! 😱

BTC just cracked below $40k. No, no, no... bad news.

As I indicated in my last BTC analysis (👇), losing $40k support is a MAJOR bearish signal.

This is also confirmed by the daily MACD that just flipped on the NEGATIVE. OBV also fell below the 21+55 EMAs... BEARISH.

Those buying here were fooled and those seeing an inverted head and shoulders were fooled twice.

BTC appears ready to go lower unless this is a scam dump or fakeout, unlikely, however.

So what now?

Prepare for the price to head to low $30k, if this bearish trend lasts a while, even sub $30k... that is when you should consider scaling into BTC and juicy alts.

Bias is bearish right now. Stay safe and trade wisely.

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