1. Forming a bearish flag 2. Elliot wave: Price could reach wave C (Fib 0.38%) before dropping down to 8480 (Fib 1.618%) 3. RSI on 2H & 1D chart hidden divergence = Bearish 4. MACD below 0 = Bearish 5. Volume: No confirmation yet
#Macro related could justify the drop: Although many believe BTC is a non-correlated asset, it is still not immune to a liquidity crisis. which we could see if economic bad data is published. Remember ALL Related to Dollar, Any rise in DXY is a bearish sign (for now I think): BAD NEWS unsolved: No stimulus package from Congress, possible 2nd wave.
other related News this week : Core Retail Sales Retail sales FOMC statements, press conference and economic projection Feds Fund rate unemployment claims
This is for educational purposes only, not intended as financial advice.