BTCUSD: Bitcoin: Trading below the cloud, still in a confirmed downtrend!
Price action is still taking place below the cloud chart, and this confirms the negative outlook.
Front end of the cloud has not yet turned positive.
Bottom cloud chart levels at 6427/7878 are key resistance zones. There are short-term retracement trading opportunities from key support levels back up to the bottom of the cloud, but the overall trend remains down for now.
Key support zones are 5735/5414!
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