“Welcome back crypto volatility”. - Things you need to know in this new crypto regime

Bitcoin ain't immune

Bitcoin is falling hard, trading well below the huge trend line we have been outlining over past weeks, as it remains inside the negative trend channel that has been in place since the November ATHs. The death cross that occurred some two weeks ago shouldn't be dismissed (even though the last death cross eventually had BTC bottom out). 40k is the key support level in the short term. Let's see if we "close" below it today. Next support is around the 36k, and then the big supports around the 30k level. If you think there is a lot of equity risk that needs to be flushed out, similar logic should be applied to BTC. There are still so many BTC longs out there that are long without a plan and lack all form of risk management, where longs are built on hope.