Bitcoin bears have started to come out in force again. We're seeing a decline more than 5% as volume looks to be increasing bearish. This has always been a sign of an incoming tank.

Technical indicators are still bearish. I'm looking more at the longer charts lately because the short term charts have had no predictability or rhyme/reason to them at all. Support right now is at $7,310 which I do heavily anticipate breaking, leading to a test of $5,846.

Resistance is STRONG at the $9k level and I definitely don't see any way right now to make a case for being able to break that.

Happy trading!