As simple as that Bitcoin / US Dollar Perpetual Inverse Swap Contract BITMEX:XBTUSD mula313 In my opinion and not financial advice, Short term: If we have a 2hr candle close above $8450 we head to 8650-8750. If 4hr candle closes above those levels, we go to $9200. If we have 2 hr candle close below 8250, we head to $8080-$8120. If we close a 4 hr below those levels we head to 7750-7850. Long term: If Bitcoin closes a daily above $8800, we are out of the bearish formation. If Bitcoin closes daily below 7800. We are heading to $6800-$700. P.S I scan all crypto traders' opinions on the market daily. I take some opinions with a grain of salt and others that I definitely agree with, My analysis is based on my observations and observations made by traders with much more knowledge and experience than I have. After all, please keep in mind that this is not financial advice, just observations and opinions.