There is a strong resistance line that begins from the middle of april high. we had a drop from -27%. The second time btc hit that red trendline was again a drop from -25%
In october btc broke that trendline in the bull run after that it became a longer strong support but again it broke in january and became a resistance for the 3rd time and again -25% after the touch.
So will it drop again a -25% after a 4rd touch?
A drop to 34000 (blue dot line) going little bit up again and going down to around 30000 (black dot line) like almost the bottom was last time (grey candles that one is copie and past from the second touch on that trendline). SORRY can copy and past from 8sept till 21 of sept BUT every time there's a mistake when i public this idea. that's why i put 3 grey arrows.
The trend is down
there's a hidden bearish divergence LH in the chart and HH in the RSI
On the Weekly chart there are already 5 closed candles below the 50MA (so yes this is also bearish )