Bears broke the $7500 level and heading to $6000 level. If they manage to reach $6000 level we will then wait for some sort of pull back to retest our previous support. Should sellers pull this through to our new resistance level then i'll be waiting for price action preferably a bearish engulfing on the lower timeframe (H1 0R 30min).
Should sellers fail to break the $6000 level then this analysis will be invalid and we will be looking at our bullish opportunities.
Should sellers fail to break the $6000 level then this analysis will be invalid and we will be looking at our bullish opportunities.