BTC/USD Stops Sinking! What's Next?

Hi to everybody!
Bitcoin still holds negative moods in general and the price is below the red descending trend line on the Hourly chart. BTC/USD went on correction yesterday and reached this trend line. However buyers are still unable to make a difference. We think that this negative tendency is likely to prevail in general in the next several days.
Let’s have a closer look at what is happening on the Hourly chart within the Fibonacci retracement graphic tool. The price is still below the red descending mid term trend line. BTC/USD has reached the trend line yesterday within a correction, but bulls were unable to change the situation significantly as Bitcoin goes down for the last several hours. BTC/USD has reached the closest resistance area at $7,565, which coincides with 1.618 retracement level but failed to develop its upside progress.
The possible scenarios for BTC/USD are the following:
1. Orange scenario (bearish). The price will develop its current downside tendency without any correction. Bitcoin will likely to establish new hourly local lows in this case.
2. Red scenario. (bullish correction). The currency pair is going to reach the red descending midterm trend line and jump off it.
3. Green scenario (deeper bullish correction). Bitcoin will follow red scenario first. If buyers are successful to break through the red descending midterm trend line, they will be able to develop upside progress targeting 1.618 retracement level, which coincides with $7,565 resistance area.

Check the full crypto analysis HERE.