It's my first post and I will try to being simple here with only using support and resistance level to explain about market direction.
From the image above, I put $8188 as the nearest support level and $9119 as the nearest resistance level.
If the price really hit the support line ($8188) then it will open the opportunity for bearish trend which can lead the price to going down more further.
In other side, if bullish trend started and hit the resistance level $9119, it have big chance for the price to raise more further.
My prediction (not always right)
I already compare H1, H4 and Daily timeframe and looks like bitcoin global condition still in bearish trend. If you want to buy bitcoin then this week is not the right time for you because the price may still drop a bit.
It's only my prediction about bitcoin next direction, no one really know where market will go. This post only for education and discussion. What do you think guys?