The original support line represented by the dotted purple line has been breached. This is not a good sign. We seen an extreme bounce off of the smaller green dotted line which represents the next at about 8000. Its clear we are still in a downward trend. We could look for a rally now as the and KST/WMA all are screaming oversold. The dark red lien seems to me like an overall greater sloping downwards as well. Also I believe the original (purple dotted line) will also act as a major resistance point now. Possible if it rally's close to this level to take profits and wait for it to down more. If the 8k support is broken we will likely see more down until 6k support range. I believe again in the future of not just bitcoin but crypto as a whole so if your looking to go long add small positions between 6k and 8.5k now. Also is not a bad time to wait and see how this plays out because unfortunately we are still in a downward trend and that resistance would have to be broken and at least a 12h or 1d candle to close above it show some sign of reversal for me.
Questions please ask and any constructive criticism or your opinion please leave in a comment. Hope this helps some of you.