@kevingarcia20 on BTCUSD | PriceONN Community

This recent drop below the 200-day SMA on BTCUSD has me worried. It looks like a potential bearish flag pattern forming on the H4 chart, which usually suggests continuation of the downtrend. Given the recent news about that Bitcoin Latinum fraud, I think sentiment might stay negative for a bit longer. I'm looking for a retest of the 73000 level, and if that breaks, we could see a quick slide down to the S2 pivot around 73992. This whole market feels shaky right now. Maybe we'll see a dead cat bounce, but I'm leaning bearish for the next 24-48 hours.