BTC/ TA Update (Relief Bounce up to 7k?)

BTC/USD

BTC is setting up another large move on the 1hr time-frame, once we see a break of this trend-line resistance above 5600 areas.
Most likely the price can easily pump up to 7k regions or between 0.618-0.786 fib resistance area.
Bitcoin has been beaten badly so I won't be surprised if BTC can regain or just bounce above 7k.
Still be cautious, wait for the breakout before entering the market.