BTCUSD The party is over. Next target at 7500 !

BTCUSD gives some weakness signals for days. We noticed that the pairs has broken the support line of the ascending channel H4 (green lines) and has integrated a new descending channel H4 (red lines). Below 13000, we think that the pair will fall until 7500 in the next hours or days. At 7500 we expect a reaction to look for long opportunities.

Comment:

As expected, Bitcoin has broken 13000 support. Next target to look for a long should be 7500.