BTC Hourly EMA 12 Resistance

This is a key resistance level being tested that has rejected the bulls the last few attempts at bouncing.
If we reject from this level we can anticipate 4 hour RSI back in the teens for another leg down to test $6,450 support.
With a bull break over the high of the bounce attempt to this point, we will be looking up to the 4 hour EMA resistances next.
Bulls trying to pull off a bullish reversal candle on the daily but a long way until the close.
Currently playing with small ETH bounce positions but exiting on the first sign of weakness to avoid bear flags.
Watch for a volume spike to indicate a break of range highlighted on this chart.
BTC shorts continue to climb and some will be forced to cover if we do see bounce continuation.