BITCOIN Up Trend Broke With Increasing Bear Volume

Yesterday saw BTC prices fall with the announcement of the ETF being delayed. We are now looking at increasing bear volume and falling prices to test the $6,400 level again. We saw this level get tested already, and we are going to see another test.

When the $6,400 level breaks, we will be at an absolute test of holding a higher daily low with the $6,076 level. Because we saw the $6,800 break so easily, I believe this level will definitely get tested.

Daily levels are almost hitting oversold conditions and we've seen continuous oversold conditions on the 4-hr chart for the last few days.

The consolidation on the 15-minute and 5-minute charts has been looking poor too and we've seen no upward momentum. There's a complete lack of bullish sentiment in the market now.

Hang on tight still...