Bitcoin has sold off from record highs after encountering key resistance confluence at 6200. 4 Hour RSI failed to confirm the new highs and the combination of the long term channel top and key fib extension was just too much:
Pair is currently trading at 5750 from as low as 5700, completely negating Friday's breakout. Further weakness would target the next support zone in the 5450-5530 zone. A break below 5450 would risk a flat/near-flat correction towards 5100.
We need a 4 hour close back above 5920 to shift focus back to the top side.
Update - As per the comments section, pair seems to have found support on the hourly: