Everyone ready for a little TA?

i know how much everyone here is a fan of ta, lol. but, on the off chance someone is interested it is time to take a look at where we are technically, from my point of view. i am not a professional, just a degen like y'all and this is not advice.

ok, we broke through 25000 which is a psychological, round number line of support. The real breakdown was going through 25,288 which took us below the 200 week ma, and the 50% fibronacci retracement. we are sitting on the lower bollinger band on the 4hr, and daily charts. this should slow down any more downside, for today maybe. the rsi is at 31 on the 4 hr and 35 on the daily. we are barely above oversold and have room for more downtrend. so my guess is no rally and a grind downwards.

we are in a down trending channel, have been since april. the upper trend line is at 26900 and heading toward 26600. the lower line is at 23600 heading to 23400. there is some support at the 38.2% fibronacci retracement at 23940. in general a break and hold of the 38.2% retracement indicates a further downtrend. if that happens my guess is we go to the 23.6% retracement at 22260 which intersects the lower trendline and is a good candidate for reversal but that isn't until early july.

so, we need a strong momentum move with heavy volume to cross back above 26600 and hold to hope for more upside. given the macro environment that is a tough row to hoe. for now, lets hope we retake 25300 and hold through the end of the week, sunday, 8pm ET. if not hope we bounce off of 24000 and reverse course, or, it looks like 22250 is next.

stay strong through this attack folks!

added links for charts, the daily and weekly are most useful

https://cryptowat.ch/snapshot/ci5hsjika9u9a10u8lv0-kraken-btc-usd

https://cryptowat.ch/snapshot/ci5i8d4bo4j10ahiot80-kraken-btc-usd