Bitcoin Bear Market Scenario

Following macroeconomic environment, with inflation reporting this week followed by upcoming central bank FOMC meeting in early may (rate hikes & balance sheet reductions)... the following high-level SR zones are key levels to watch.

Assuming broader markets are going to experience a significant correction as the Fed loses ability to leverage QE & stimulus in propping up markets without hyperinflation risk, BTC as a risk-on asset will face significant headwinds.

Without a changing economic environment, the markets will continue to realize bearish sentiment with more speculative assets (tech stonks & "digital asset technologies") realizing the most severe of pullbacks.

FOMC in early May will attempt to reign inflation in, while June's FOMC meeting will include a more nuanced summary of economic projections given assessment of Q1 results as well as Q2 winding down.
Beyond Technical AnalysisBTCMacroeconomic Analysis And Trading IdeasinflationmarketpullbackriskoffSupport and Resistance

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