#BTC - Bearish Overall, But...

As long as the price is located below the descending resistance, namely, as long as $BTC stays inside the triangle with the flat support, the situation is bearish. This pattern (triangle with flat bottom) has the advantage to continue the downtrend. If the price through the descending resistance, there would be no way back. However, to continue the ascent, the asset needs a correction.

As we can see, there is brand new support - $8050 (magnet level). After reaching the $8050 level, the price will grow for a little bit, after which it will be decided whether it will break the resistance of the triangle, or go back to the triangle's support level.

I drew the arrow down because the triangle is bearish and the priority is downward. However, it is very important to understand, that in case of a breakout, the whole bearish scenario will be cancelled.