6500$ is a vital level for short-term perspective

Morning guys,

BTC shows very narrow price action, activity has dropped significantly, so we do not need even any update on daily and 4H analysis.

Today is NFP release and preliminary balance stands not in favor of BTC as market mostly expects to get good numbers. Anyway, BTC stands tight and is forming something like reverse H&S
on 1H chart. Whatever it will be - 6500$ area has been tested multiple times and supports BTC from collapse. This level will be crucial today either. Drop below it could trigger chain of breakouts
of lower stand levels and trigger action to our downside targets that we've mentioned before on 4H chart.

Standing above 6500$ and breaking 4H trianlge up could turn short-term sentiment to bullish

Trade closed: target reached