Back to Bitcoin now though - here it is on the weekly resoluti | LibreCharts

Back to Bitcoin now though - here it is on the weekly resolution

I zoomed out to this time res. to point out that:

1. The current candle on the weekly has a -18% delta from open (yeesh)

2. Long body, only one wick and that's protruding to the south and its a small wick too ; all of those things are bearish. Long body = major price move / small wick protruding to the south = failure on the part of the bulls to push back against the downward pressure bears have been applying (they've kept almost all of the ground they've gained)