Bitcoin is clearly bearish now

Short term outlook for Bitcoin

Check out these two super bearish #Bitcoin charts (short-term). They're messing with my vibes, especially with BTC struggling to stay above $27,000. 😬📉

Look at BTC against the 200-day moving average cloud.

🔵 200-day EMA $26,950

🟡 200-day SMA $28,000

This range has been a big deal for BTC, especially in the last 18 months.

Looks like it might be playing hard to get again. 🙄🚫

BTC and that short-term holder price thing (STHRP).

Think of STHRP as a mood ring for BTC.

Price above STHRP? 🚀 Bullish vibes.

Price below it? 📉 Bearish mood.

And hey, even if this chart doesn't show every little detail, STHRP's at $27,720. Just so you know. 😉

Putting those two together, here's the deal:

200-day MA cloud is chillin' between $27k and $28k.

STHRPAt $27.7k.

So, there's a big "STOP!" sign around mid-$27k for $BTC, pushing it down a bit.

Personally I think this is bearish in the near term. If we can break it then we’re bullish again but not yet.