As we take a look at the daily TF, the hidden bearish divergence(Price making lower highs while RSI making higher highs) is pretty evident. And not to forget , we have also had the 'Death cross'. This also aligns with the cyclic up and down pattern that BTC has been following for nearly three months now. Considering that , this could be the start of next 30 days of bearish price action that could lead to the support zone of 7k.
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Moving as planned. Got rejected by the daily 200 MA which is a big deal resistance. Pattern will be invalidated if we break and close above the 200 MA and RSI making new high.
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So far so good. Waiting for the retest of support at 6800.