BTCUSD to drop from here

1 Ağu 2021

After a while consolidating within 41k - 29k range it found resistance which is the upper descending trendline -- and is set to make a sharp drop into 20k zone. A corrective continuation beyond the upper descending trendline would then accelerate the impulse to the downside. Plus a bearish daily chart pattern is forming, if today's candle close intrudes well into the previous canld, it would underpin my bearish outlook on btc.