Descending Channel is building confidence for BTC Bears

Well, BTC finally broke below the bottom of the bear flag about 24 hours ago as you know. The selloff has been somewhat orderly and has been confined to a narrow $500-wide channel. So risk reward would suggest selling in the $8000-8050 area in the next couple of hours, and buy around $7500. Continue trading the channel range from the short side until it breaks.