As expected price fall from but not much as stopped on 6400 support. Rejection candle suggest that there is a chance to go back to 6650 but we would love to see some more confirmation for that.
Small price rise which we are experiencing now can be only temporary and most likely last up to 6550 level.
If BTC breaks 6400 support next stop is 100$ lower at 6300.
Some traders are looking for pattern at 6150 level but to see that formation we need price to drop to 6150 first and that means 300$ lower which is around 4.5% drop.
MACD confirms fading uptrend and warns us of upcoming change in direction.
If pink support is broken then BTC goes down.
Going down won’t be any easier as we need 300$ taken of current price (6200) to see any strong price drop.
Considering fact that this was 4th attempt to break 6800 I will bet my money on drop. I might be wrong ( not a first time ) but as long as we are under 6800 price won’t go up substantially