While the medium term might be dicey, the near term looks bullish for bitcoin

While the macro environment is very much negative for bitcoin, in the near term things might improve somewhat.

We just had bitcoin break a falling wedge to the upside on the 4h chart:

(Source: https://twitter.com/rovercrc/status/1521795760077037570/photo/1)

This leads me to believe the next several weeks should be bullish for bitcoin overall.

However, I still do think once this impulse move slows down, the price is likely to trend lower again...