BTC Bearish Trend Continuation
Updated
We are still in the Bearish channel
At the moment we are in overbalance - when the price break it there will be clear situation that BTC is going to test upward line of bearish trend. After we break it - for me it will be clear sign of trend reverse.
As long as the price do not break the upward bearish trend line I am bearish.
I am waiting that the price bounce from 10k$ and went through suppport areas to retest lows @ 6k$
At the moment we are in overbalance - when the price break it there will be clear situation that BTC is going to test upward line of bearish trend. After we break it - for me it will be clear sign of trend reverse.
As long as the price do not break the upward bearish trend line I am bearish.
I am waiting that the price bounce from 10k$ and went through suppport areas to retest lows @ 6k$
Note
Price is testing major resistance line formed by descending tunnel.Suppouse there will be double top formed and price will bounce back and will be heading towards bottom line which is at around 4k$
Otherwise price break through resistance line and close above it - then wait till price retest this line from above and enter long position.
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