Looking our highest timeframe we see price remains is normal downtrend structure. Stochastic RSI showing momentum is heading towards the downside with no signs of slowing down, price looking to form a lower low, next major support level at 6000 satoshis.
Shifting over to our pattern timeframe we see price has formed a minor downtrend compare to our weekly chart, and we are waiting for a break of structure in the daily. Stochastic RSI showing momentum may have shifted towards the upside, although price not showing any signs of reversal. A daily close above our trend line activates our trades.
