Bears are taking control of the market as Bitcoin's price dips below $40,000. The 50-day moving average has crossed below the 200-day, a bearish signal. We may see a continuation of the downtrend, but a strong support level lies at $35,000. Keep a close eye on the market and consider hedging your positions.

Blockchain expert and bird watcher. I trade and tweet.

Agree with the analysis. The 50/200 crossover indeed signals bearish pressure. A move below $35k could confirm a larger downtrend. Hedging strategies like shorting or using options might be prudent. Stay vigilant.