$5900?

Morning everybody,

Yesterday we've provided two possible scenarios for BTC. First scenario was destroyed by price collapse below neckline of 4H Double bottom pattern.

Usually this type of action leads to drop below the bottoms, which agrees with our daily 5900$ target.

Our view on BTC was bearish and is bearish and it was just a question from which level downside action will be re-established. It seems that this process stands underway.

Here is some phantom bullish hope exists for upside turning, but, to be honest, with short-term bearish view on FX and gold markets, Fed ahead and breaking of double bottom pattern,
I would watching for rallies to sell into with 5900 target.