Right now the BTC price is entering into a bear territory, this part of the cloud is defended by bears, bulls is making an effort to break this price, and the top of this break is 7,269 if it breaks this number and tested and confirm it, I can say we are entering in a bull run in a short term. In a meantime I wouldn't put trade here, and If I had to, I would short it, as the odds are still in a downtrend.
Note
There we go the downtrend continues, the strenght of the bears is so agressive, bull will not recover soon...
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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.