No idea where it's going from here but we're currently sitting on major trend line going back to February. After getting rejected off our resistance line, if BTC breaks below this trend line, it will likely be headed to $6,300 or lower. Will see in the next week or two how it plays out.
testing lower end of the upper channel. seems to be finding support but will see further confirmation over the next couple days. If breaks below upper channel, will see a retest of lower channel
Possibly bullish set up for break out to the upside.
Shorts at all time highs and dropping.
Longs picking up pace.
Risky until further confirmation is made.
