BTC has been trading sideways at the price of $7.396. Anyway, I see potential for the end of the upward correction (ABC) and potential beginning of the new downside leg. Watch for selling opportunities.
Ichimoku analysis:
15M time-frame
The price just crossed below the Ichimoku cloud on the 15M time-frame, which is sign that sellers took control from buyers. Intraday support levels are set at $7.306 and $6.800. The 15MIN time-frame produced sell signal.
H4 time-frame
Based on the 4H time-frame, the price reached Ichimoku cloud but the overall trend is still bearish. My advice is still to watch for selling opportunities with the targets at $6.800 and $6.450.
