BTC is currently in a channel We are at a decisive point right now If we manage to break the down trend, we should expect a move to resistance trend of the channel If we break down we should expect a move to support of the uptrend on the daily timeframe
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Zoomed in on the hourly timeframe we are in a symmetrical triangle
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BTC chose to go down and we are at support trend on the daily We have strong support here, bullish RSI divergence and oversold we can expect a retrace to $7386 at least it is likely to have a reversal on the daily TF but we need more information to have an idea about that
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We didn't manage to break $7270 resistance and the sell-off continued Now we have bullish RSI divergence, RSI on the 4h TF oversold If we manage to break $6800 resistance we should expect a retrace to $7083
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We didn't manage to break resistance but It looks like BTC is forming a falling wedge right now If we break resistance trend of falling wedge i expect a strong move towards the downtrend
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Falling wedge didn't play out We have some random price action going on last few days let's wait for more information
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If 6.3K support is broken, expect more downwards movement