Looking at our trend timeframe we see price formed a lower high at 80000, followed by a drastic push towards the downside. Price is now looking to form a lower low after breaking through our major support, expecting a drop towards 25000 if we do not hold at 30000. Momentum heavily shifted towards the downside.
Shifting over to our pattern timeframe we see price currently testing our 350000 . showing momentum is heading towards the upside, however price is showing otherwise. A daily close above 40000 activates our trade, until then we wait for price to find support.