These are the possible scenario for BTC based on my analysis, I do not claim to be an expert these are just my humble opinion
Scenario # 1 Bearish / Consolidation
I do think this more probable, since EMAs are still in a reverse order, and we are seeing more and more bearish pressure (red candles + red volume)
Scenario # 2 Bullish
This scenario will only be possible if we break an CLOSE (Very important) above the most recent resistance, Even though there are more bearish volume
from what I can see , Bullish volume are higher than bearish volume
Still wait for confirmation
Scenario # 1 Bearish / Consolidation
I do think this more probable, since EMAs are still in a reverse order, and we are seeing more and more bearish pressure (red candles + red volume)
Scenario # 2 Bullish
This scenario will only be possible if we break an CLOSE (Very important) above the most recent resistance, Even though there are more bearish volume
from what I can see , Bullish volume are higher than bearish volume
Still wait for confirmation