BITCOIN: Is it Valid Breakout?

The BTC price moves sideways last few hours. There is a structure level at 7765. It was acted as a support, but became a resistance after the breakout. However, it was not a strong breakout, because the BTC market did not continue going down. It retraced back and backtested that structure level twice. It creates indecision scenario, where none of the parties (buyers and sellers) take initiative to get control of the price. The best approach here is to wait for the breakout to be confirmed. In other words, if the strong bearish bar will be formed with the momentum, it will create the selling opportunity.