In the last analysis (based on 5H TI StochRSI and Williams), I estimated that bitcoin would reach 7300-7350, after which the pressure would continue to drop to the level of 7000-7050. Thus, for today, we saw that the bitcoin jumped to M/BB projection at 7300 and then dropped down to 7050. It can also be said that the bears finally broke down the daily SMA365 and pitch fan at 6400, confirmed their positions at current levels and could develop the last attack to 6800-6900. Let's try to calculate from the TA's point of view - how deep bears can drag bitcoin.
Today, 5H TI continue to be in the "sell" zone, with the exception of StochRSI and Williams - so we can expect a slight increase to M/BB projection at 7250-7300, and then pressure down to 7000-7050.
Daily TI also continue to be in the "sell" zone, and 3 TI (Stoch, StochRSI, Williams) are in the "oversold" field - so you can expect a jump to 7400 (even higher than M/BB) for testing up daily SMA365 and the pitch fan at 6400. However, the pressure down is even more significant (RSI=31, MACD=-380, DMI=50) - so (after possible jumps), the next point lies in the field 6800-6900 (pitch fan from 6000).
Given the combination of TA factors, I estimate the following: to stabilize the TI (which are in the "oversold" field), we can have a number of mentioned jumps, but the result should be a point 6800-6900 (pitch fan from 6000).
If the bulls do not hold this position, or the rebound is not “reliable” - then bitcoin can fall to 6400, and in the worst case to 5500 (weekly EMA100).
Take care of your BTC, USD and health!