Looking at our trend timeframe we see price is currently testing our uptrend line, momentum looking bearish although it is slowing down. A breakthrough our dynamic support and expect a drop towards 125 satoshis, leaning towards the scenario happening.
Shifting over to our pattern timeframe we see price has formed a lower high and is now looking to form a lower low, momentum contiuing to look bearish. A daily close above 200 and we should at our dynamic and horizontal support, however if we fail to close above this level expect a drop towards 125.
