indicator resides in a weak zone keeping downward correction mode. Thus it’s unlikely, that bitcoin will leave the range of lower (7360-8145).
Nevertheless strategically bulls keep the chance for recovery of the coin towards the 8896 mark (upper ) during upcoming week.
Locally we can confirm strong resistance at the 8145 level (merger of daily middle and H4-upper ) on the back of readings decline. Thus we can expect start of downward wave from this zone in direction of the support 7584 (lower ).
Intraday doesn’t exceed $100 - the coin is being traded within sideways channel inside (7584-8145), where most likely it will spend the whole today’s session.
Flat in the 7584-8145 range.
Shorts from the 7962 level towards 7584.