From the chart we can see that:
1. dropped compared to a situation few hours ago, when there was a pick "buy" . This means that price will struggle to go up until new buyers step in.
2. on most timeframes shows that the prices start to go down and might continue to fall until they reach latest .
3. . We are still above MA 20, 50 and 100 but have already touched MA 20 on smaller time frames. Decent will continue for some time.
Based on my basic knowledge of patterns and indicators I can assume we will hit $7,000 within 10 hours if we don't manage to break $8,500 resistant level.
Impulsive Wave on my chart should indicate for you the movement of price. Correction is already happening and it just depends if bulls fight past $8,500 or bears bring it down to $6,500 - $7,000.
Hope this information will help you to see the picture from a different angle. If it is helpful, please like. Thanks.
RSI is neither oversold, nor overbought. Doesn't indicate clearly when to expect rise or fall.
Also note volumes! Red all the way, people are panicking again and selling everything. But we saw it yesterday, and before and before. Price will go up once more people start buying at low levels. Especially financial institutions and big investors.