Urgent update. Be cautious of the Channel Down upside break-out.

The 1D Channel Down (Highs/Lows = -191.7857, MACD = -184.800, B/BP = -251.2378) is now testing the Lower High limit, having already nullified the 4H Triangle (Highs/Lows = 45.0198, B/BP = 153.1560, ADX = 29.570) since 6,398.20 was crossed. If this breaks to the upside (red eclipse), then BTCUSD will seek a test of the 0.500 Fibonacci retracement = 6,774.30, before it resumes the downtrend for the test of the 1W support zone = 6,080.8 - 5,762.9. If the 1D Lower High doesn't break, then Bitcoin will continue falling within the Channel Down towards June's bottom (5,762.90). Since in both cases the trend remains bearish, we will continue shorting, aiming at TP2 = 6,082.70, TP3 = 5,609.10 (under conditions which will be updated at that time). 1W remains mostly bearish but the neutral RSI = 45.100, Highs/Lows = 0.0000 indicate that BTC will most likely trade within a 1,000 range on a slow pace/ low gradient for the next 1 - 2 months.