Bitcoin daily is likely it, dead cat bounce is likely over

Bitcoin broke the support line and fell down towards BigRed where it had found support. Now did a nice pullback but will almost certainly find huge resistance at this level which will be hard to break in these circumstances. The area of resistance where is the blue trend line, 50 days MA, and 0.618 FIB retracement is just the perfect area for bitcoin to stop and drop extremely fast and hard from here. Bitcoin is forming a nice bear pullback which if formed and triggered will highly likely bring bitcoin well below 200 days MA or BigRed. Until the price didn't pass 0.618 bear pullback is live and strong!

Volume is confirming this point and is more bearish for now, even though it's hard to measure and be sure completely because it was weekend time.
Price did find support at big red which is bullish, but is below the rest of the major MA which is bearish.
RSI did bounce from oversold territory and now is in neutral so more place for down is formed.
MACD is below zero lines which are bearish, but it seems like the MACD line will try to cross above the signal line if the pump continues.

Overall: Bitcoin is in FOMO mode because FED offers support in loans for banks. While Twitter and Youtube screen about Bailout but Treasury secretary did explain perfectly. No bailout will be here, it is offered by states and the bank need to take an expensive loan to survive. This FOMO could last a whole day until the USA woke up and people go to the banks. If we see huge bank runs and lines of people withdrawing their money everything will start to drop hard. The second reason why bitcoin pump so hard is the fact USA dollar is falling hard and yields are dropping harder. But people, why are yields dropping so hard? It's not because everything is oke and inflation is under control, yield dropping because big boys are buying bonds and their correlation reflex on yield price.

My assessment this madness will stop today at the end of the day or tomorrow when we see hotter-than-expected inflation CPI report and when everyone will ask themself wtf now. Rates are already high and are killing banks while inflation is higher and killing mid and small Americans. If we don't stop inflation with higher rates mid class will suffer and will be in huge problem, but banks could survive. If FED continues to rise rates, banks will die.

Poor FED and poor Powel. Would not be in their skin now. They need to decide how they will crash the system. In any version of the breaking system Bitcoin will go well below the 2022 low!