BTCUSD: Still bearish but on a less aggressive scale.

Bitcoin remains within a downtrend and the Channel Down on 4H (RSI = 42.334, MACD = -21.700, B/BP = -10.8404) has extended to 1D also (MACD = -8.900, Highs/Lows = -45.5073, B/BP = -78.5621). The downside is however on a slower pace and if 6,550 breaks to the upside, then the pattern may turn neutral on the short term and consolidate more. The optimal approach is still shorting every spike. A test near the upper layer (6,100) of the 1W Support Zone is still the medium term target. The TP set is intact: 6,300, 6,100.