BEAR CASE: - BTC is in downtrend, failed to make 200 MA (red line) support. Our short term target is $6,600 but we are at crucial support so be careful with shorts.
BULL CASE - POTENTIAL for Adam & Eve bottom (hasn't formed yet) or "W" bottom. This is also a that if successful we should see $+13,000 on BTC . If you want to get long it is better to wait for buying on strength.
Bull Target $8,600.
Bear Target $6,000>
Need to pull in a bunch of shorts so we can squeeze them higher.