BTC/USD Returns to Downtrend. What's Next???

Bitcoin seems to return to downside tendency as the price has lost almost two percent in the past 24 hours. BTC/USD managed to establish a temporary upside tendency during the weekend, which was a part of an upside correction. However, on Monday BTC/USD started to decline.
Let’s have a closer look at what is going on the Hourly chart. Bitcoin has broken through the red ascending trend line and moved lower meaning it has stopped its local uptrend (part of an upside correction). However, BTC/USD jumped off $7,341 support area, which prevents the currency pair from further downside tendency. The possible ways for BTC/USD are the following:
1. Red scenario (bearish). The currency pair will break through the closest support area at $7,341 and move lower targeting the next support area at $7,199.
2. Orange scenario (neutral). BTC/USD will stay within the current range between the resistance area at $7,565 and the support area at $7,341 jumping off both levels.
3. Green scenario (bullish). Bitcoin will cross the closest resistance area at $7,565 and move higher, targeting the next resistance area at $7,734.

Check the full crypto analysis HERE>>>.