At the top we see here the DEFI index, daily chart, and below the weekly chart of Bitcoin (2018)
A series of lackluster rallies , lower highs on decreasing volume suggest that demand is really poor.
Institutions have quickly sold their assets off the top and run away from this market (RISK ON->RISK OFF MODE)
Lower highs suggest a break of the support. That...
Buyers are active in the current price, and if the volume increase the price will break the resistance level and go beyond the resistance.
If the prices come lower level and breaks 77.50 level it is predicted that it will move do down direction.
----4 hour chart----
In 4 hour time frame price is creating a value area,
Overnight price continued to the downside as noted yesterday. It took out last week Friday's low. In overnight session, it has taken out Asian highs. Today I expect the price to be on upside. Note last trading day of the week, so everyone should be flat by end of the day as you never know what will happen during the long weekend.