Price action appears to now be painting a downward slanted h&s pattern and the 50 and 200emas on the 4hr chart have now official deathcrossed. Wee are also seeing a green candle coinciding with the deathcross which happens often as a last ditch effort to reverse the deathcross back into a goldencross thus achieving a deathcross fakeout...in order to achieve one of those price action will likely have to climb back above both the 50 and 200 ema and flip them to solidified support. My guess is it will at the very least retest them but odds are favor them maintaining resistance for now. if it does retest and find resistance my guess is that will complete the peak of the right shoulder of this red h&s pattern which if triggered could take us potentially back under 9k if maybe only for a brief bit. For the bulls to achieve a deathcross fakeou they will likely have to rise above the 50 & 200 and flip them to solidified support within the next three 4hrcandles. If not and the confirm solidified resistance odds are good the ema deathcross will be sustained. probability currently favors the bears but I remain neutral until the deathcross confirms it will be sustained.