4H Channel Down intact. Approaching support zone. Short.

The 4H Channel Down (RSI = 37.970, MACD = -168.300, B/BP = -114.7580) made a new low at 6,130.3, closing the previous week at -14.07%. This was enough to erase the gains for Bitcoin of the previous three 1W candles. 4H is on Lower Highs and despite the low gradient (Highs/Lows = 0.0000, Williams = -52.486) it remains bearish. The 1W support zone is at 6,080.8 - 5,762.9 (intact since last November) and as seen on the chart the weekend's 6,130.30 rebound was just above the first layer. We will be keeping the TP2 = 6,082.70 but TP3 = 5,609.10 will be pursued after we wait for the price action on the lower support zone (either break-out or strong rejection) to confirm the trend. Although we are within a bear cycle and the annual bottom is technically not priced for BTCUSD, we cannot exclude the probability of another 0.618 Fib Lower High (6,800) if the price rebounds strongly on the 1W support zone.