Let's take a closer look at price action of Bitcoin currently unfolding on H1 timeframe.
* Overall, we expect the two options of the price development before the next move down:
1. Extended consolidation by a few additional H1 candles and then drop from the edge of the contracting triangle: $7,450 - $7,500. 2. The price creeping upward to the major Resistance - previous Key Support at $7,700 - $7,800 with the following drop.
* With those two options in view, it would be smart to divide the Selling order in two parts, respectively.
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