Analysis:
A break above $7.9k would indicate a break through of the large wedge formation. If $7.9k is rejected, I suspect BTC will continue it's downtrend down to the $5k range before bouncing, otherwise, we'll likely see a bit of an uptrend and consolidation mid-term.
Personal:
I will cover my short with a marginal profit if a break above $7.9k occurs. If $7.9k is sharply rejected, I will double my short position once BTC falls below $7.75k.
A break above $7.9k would indicate a break through of the large wedge formation. If $7.9k is rejected, I suspect BTC will continue it's downtrend down to the $5k range before bouncing, otherwise, we'll likely see a bit of an uptrend and consolidation mid-term.
Personal:
I will cover my short with a marginal profit if a break above $7.9k occurs. If $7.9k is sharply rejected, I will double my short position once BTC falls below $7.75k.