COINBASE:BTCUSD   Bitcoin / U.S. Dollar
The market cap has continued it's pullback and is down to $287B. Dominance has also dropped further and is down to 68.16%. The price of Bitcoin is at 10,900.

Price action broke to the downside of the bullflag forming new trendlines and bouncing from a re-test of support at 10.700.

Lower timeframes between the 1 and 4 hour have oversold indicators, but there is a bearish divergence between price action and volume (orange lines for those in discord)

Our daily timeframe is still overbought according to the Stochastic RSI . Whereas, the RVI is telling us the volatility and momentum are lowering on the way down.

Overall, the trend is still bullish , but the short-term price action could be bullish unless the volume begins to pick up.

Bearish: Price action falls below 10,700 and re-tests the next level of support at 10,500~

Bullish: The sub 11,000 entry could entice buying pressure at these level to rebound and test topside resistance at 11,000 - 11,300

Bullish 60% / Bearish 40%

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