$BTC Daily chart. The $7,500 in my opinion is our "bottom" obviously you can't predict the future so if it breaks you have to react but it's really strong resistance turned support on daily TF. Also, our recent bounce collided with the old support/new resistance of the supposed bull flag that's since been broken down. I'd like to see a strong break back into that...
If we see a real close under this cloud and it turn to major resistance i'll be come much more bearish overall. This seems like a key decision time for BTC unless we get a bounce edge/edge here that doesn't exit the top end of the cloud, that would basically reset things again.