Break of 7000 resistance to head long.. or will it bear with the COVID-19 mid-term downtrend, thats controlling the situation and letting FA, break the TA rules. Tade Safe!
A little BTCUSD analysis on the Daily chart to get my head around the probability of where the price may head.. I like the chance of a reversal to the up side, it might only go as far as the demand areas between 50% - 61% (8500-10000) Perhaps after several breakouts to the upside price might even reach up to the 78% (10800) area where it meets the descending...
Good buy opportunity only once it bounces back from the bottom of channel with further divergence of the RSI and preferably broken back up above the 23.6% fib ratio. Trade safe!