Yes,still looking for a lot more downside after this bounce runs its course. I’ve posted several charts of /BRR (futures) & IBIT recently… all with my longer-term targets.

To find those, you can either click on the symbol tags of /BRR, IBIT, $Bitcoin, or $BTC below any of the recent posts which include them or go to the top menu & click Resources>Search By Ticker (dropdown menu, near the bottom of the page)

What I was asking was now that we have had the bounce where does ibit go. Still bearish on bit coin?

I covered IBIT in the video that I posted after this chart. It was a support/T2 again & I stated that I expected it to bounce with the stock market.

Meant as a funny of course we are going to bounce. It won’t last as in the past.

Okay. Keep in mind that it is about proximity, not an exact touch of the 200’s. If anything, the indexes will usually briefly undercut the 200s vs. reversing just above although there are times when they do the latter vs. former.

You also want to look at as many key sectors & stocks as you can to see how many of those are also falling to key support —OR— have already tested, bounced, & now broken comparable key support levels such as their 200’s, primary uptrend lines, well-defined price support, etc..

SPY, QQQ, XLF, Mag 8 stocks, JPM, BAC, etc..

my bad, it did hit the EMA but not SMA which sits at 477.55.
sorry