Bitcoin has been trading upwards exactly what we expected yesterday. The level around 7.700 looks very attractive for potential selling opportunities. I expect more downside and potential test of 6.610.
Green rectangle – Resistance and good sell zone
Blue horizontal line – Support line and downward objective
Rising purple trend lines – Bear flag in creation
MACD is showing us strong new downside momentum in the background and I expect more downside after the bullish correction. Resistance level is found 7.700 and support level at 6.610. Bollinger band middle line(resistance line) is set at 7.635
