Hard Resistance Rejection. Consolidation is over. Short.

4H is on a standard bearish reversal pattern (red curve on RSI = 51.851, ADX = 34.025, Highs/Lows =0, B/BP = -73.7542) loosely supported on the SMA50 = 6,337.10. We had another Lower High rejection, this time on the Hard Resistance of the 1D Channel Down (MACD = -140.100), which generally is a very bearish signal for Bitcoin. The 1W candle is practically flat for BTC standards (+2.00%) indicating the bias towards a slow paced, low gradient decline over the summer period (monthly chart neutral on RSI, CCI, Highs/Lows) as mentioned over 1 month ago. 1H is practically ranging (STOCH = 53.385, ADX= 17.309, CCI = -45.4568, Highs/Lows = 0) with 6,415 as the support level. TP = 5,617.40 on now two short positions.