Bitcoin might test lower targets, because buyers consume all gas, and also price is at spot where price has to switched to sellers. After sellers will show how strong they are, we'll decide later if we're gonna stay in this trade.
This is multi-timeframe analysis. Short term sell is h1 and lowerest sell is between h1 and h4 based on our strategy.
On the other side, if sellers will not push price lower as expected on higher timeframe, then bullish sign might continue, if price will break through resistance, you can follow our previous analysis - expected channel touch.
At the moment we're looking for potential sell by following arrows. Important is also H4 closing and M15 momentum flow