BTCUSD testing MA200

on the four-hour time frame, we see that the pair is in a smaller bearish trend. The price has dropped below the moving averages of the MA20, EMA, and MA50, and we are now testing the MA200 and EMA200 at $ 53,388. We can also adjust the Fibonacci retracement level and based on that. Bitcoin is now testing a 50.0% level with a potential continuation towards lower levels towards $ 50,000. If we see a further decline, we look at the zone at $ 47,000- $ 48,000 instead of the chart's previous consolidation.