BTCUSD market update

BTCUSD market update

1/ SLKT above 7300. Price penetrated but quickly reversed down back below 7300. This is not a kind of bullish behavior.
As a result, we got examples of ND bars/wave: 2 + 3.

4/ S-wave confirmed a lack of buyers above 7250
5/ Another instance of deficit of demand. Low volume caused by insufficiency of buying power.
6/ Supply bar confirms ND on the previous bar
7/ One more SB.

Price is approaching 7100
What is next?
Well, we have facts of bearish domination around 7200. That is why, the most expectable scenario is bearish. Resting and Attacking 7100.

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