Bitcoin BTC 1 Hour Market Update

We could be forming that right shoulder on the Inverse H&S
if we do, then expect a bounce back to ~ $8k
And then most likely one more leg down

So far $6300 support has been holding quite well

Things to watch out for:

-Above Ichi Cloud
-Broke the descending line
-Broke out of the ascending triangle
-Testing .618 Fib