However, this is an opportunity for us all, looking at this chart we have two major options which I will outline below.
A) , the price drops back down to the major and gives a bounce, if this happens a trend reversal is a strong option. This historically would be following BTC -3.41% yearly pattern.
B) A broken support, if the support is broken we will see BTC -3.41% start to free fall all over again. I suspect BTC -3.41% would see another several week long drop to $ (5500-5800) to test the next large area of support.
Regardless of A or B I 100% believe that we will see that resistance lines will be tested again in the next 2 weeks.
Remember though folks, this is not financial advice and any trades you take are at your own risk.
I, like all traders will be watching BTC -3.41% and will take positions accordingly.