BTCUSD has recently broken the major support up-sloping (yellow) trend line and bounced off at major support level 25300 (level 1).. I expect BTCUSD to consolidate between 25300 to 27300 in very short term as shown in blue arrows.. before it picks up a direction either upwards or towards.. I have marked 3 support levels in green and 3 resistance levels in pink.. Will let the charts play for next few weeks till we get a clear direction. Short term its looks oversold, I think we'll see some pullback in US 10 Year yield and a short term bounce in all risk assets.
Note
BTCUSD has been trading sideways for last 7 days and is forming a bear flag.. I believe the trend is getting biased towards downside and would retest the immediate support levels 25338 , 24750.. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.