Just wanted to put this out there for people to take advantage of price confluence and where they move towards, key fib.levels based on my perception. If one was to look closely at this chart, you will notice many confluences with key fib.(pitchfork) levels. Currently we have a small channel also ranging and just like we had above 10K ranging and then squeezing, I expect a smaller version to take place before it drops. Only in this case, the 10K is now 8K.
As for direction, my past posts explain my position.
Close up on the current price channel
Other MACRO Level thoughts
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Chart update on the hrly
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Bearish Divergence on the 1 hrly, hence why I'm expecting a drop\pullback ot the next support line.
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Another Fractural
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BTC is struggling at this next fib level. It might fail and pull back or consolidate sideways before moving up. Note how I have the Blue ring from a MACRO level. This ring represents a strong resistance, hence why I see this price not going beyond this ring.