$BTC The ascending triangle pattern we previously spoke about has been invalidated. BTC broke twice to the downside, outside of the triangle, but there was no follow-through and no sell volume to back it up.
The RSIs are continuing to trend lower while BTC is making equal lows within the range, which means BTC will likely consolidate as RSIs reset to the bottom.
Wicks down to grab liquidity just below at $49,600 is expected, but as long as we don't close a daily candle below range lows of $50,600 then I'm still not expecting a major correction, and eventual break to the upside is more likely.
