$BTC A weekly death cross is imminent❌Is this bottoming or is a sharp drop 📉beginning❓
The weekly MACD is at a critical point, showing signs of an imminent death cross. This usually points to one of two possibilities:
① The market is nearing a bottom
② Major negative news is about to hit
The silver lining is that the weekly MACD’s fast and slow lines are still above the zero line.
If it’s ①, the market will likely consolidate and form a bottom next.
If it’s ②, a death cross will form next week, and an accelerated decline is imminent.
Which way do you think it will go?❓