BTC/USD - Pennant broke, now what?

BTC dropped today out of the pennant... why? I believe ETH not being able to push higher against the ATH and being rejected pulled the whole market down (my ETH idea below).

So far the chart is nothing too dramatic, yes we broke the pennant, but we soon stopped at the next immediate support just under. This support seems to hold us here, at least for now.

However, if you look on the daily indicators, you will see the bearish momentum is picking up, this is not good, therefore, it is likely we may go lower to 30k unless we push out of this level soon.

I could also see us ranging in this area (here I mean 30k to 42k) for some time before we move up again. As long as we do not have a bearish cross on weekly indicators, we're good to go higher later on. The daily indicators will curve up eventually once we cool down in this range.

Will update again once price decides what to do with this current support level.

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