After the lengthy sideways consolidation, BTCUSD has cleanly broken to the downside under 6220. It needs to get back up and over 6445 to consider this a failed downside break.
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The pace of worsening increased today. Given the lengthy basing pattern, there is still a lot of meat left on this bone. Protective stops on shorts at 6445 remain intact.
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Big 3-day rally under way with signs of capitulation; but, it still has to at least take out the highest high of the past 20 days. Protective buy-stops for shorts down to about 4500 to lock-in profits.