Looking at our trend timeframe we see price still respecting our descending pattern. Expecting some consolidation on the smaller timeframes before BTC makes any big moves. showing momentum looking , however it is starting to slow down. A weekly close above $6,700 and we should see a small push towards $7,500. Two possible scenarios for BTC: either we come back down to hold for support have pushing towards $7,500 OR we break through and fall towards our $5,000 target.
Shifting over to our pattern timeframe we see price has been consolidating below $6,700-$6,800 for a couple of days now. A daily close above $6,800 and we should see a short BTC run, showing momentum is heading towards the upside. Expecting a to form at our indicated zone.