Likely continuation short term pattern.

Low volume, weakness on a key support level, overall market dullness after a downtrend and a huge descending triangle on the daily chart all indicate that we may see Bitcoin drop further in the following days. Although a short term upwards move to 7000-7500$ cannot be ruled out. Best course of action is to wait for a valid breakout in either direction, then trade accordingly.

More likely the short scenario will play out:

Target 1: 6100$

Target 2: 6000$

Target 3: 5700$

Target 4: 5100$

Target 5: 5000$

Stop-Loss: 6600$

If the long scenario plays out:

Target 1: 6750$

Target 2: 7000$

Target 3: 7500$

Stop-Loss: 6300$


Risk safely, be patient, be brave and may God be with you!