It is still a possibility to confirm the drawn reversal inverted , but it is not the likely scenario in my opinion.
The reason for this is because the 4 hour is already 70, and we still need 5% to get to resistance.
We would need to see 4 hour in the 80s for the bulls to see a breakout in the next few days.
Still looking for a daily equilibrium as the most likely scenario.
Liking the shorts continuing to climb as it will be more fuel for the bulls if we do get the break causing a bit of a short squeeze.
Bulls still have some hope! I personally will be utilizing all my cash in BTC and ETH if we do see this $6,800 break.