Undoubtedly Short Towards 20K

Hate to say it first, but there's actually a very good chance Bitcoin will drop to 20k by year end. A failure to break above 61k will lead to a break below the ascending support down to 45k. At that point, buyers will most likely be present and push this pair back up to 50k. Then as the Fed hints at raising rates which is likely beyond the next NFP on April 2nd if the US Unemployment supersedes economic consensus, which most likely it will, this will drive the USD much much higher perhaps to the 98 level in the coming months with the DXY. Once the dollar drives higher based off the backs of inflation and interest rate speculation, Bitcoin will drop to 20k and will remain there for an extended period of time.

In terms of risk to reward, my greater reward is to the downside.