V - shaped recovery of Bitcoin left the entire CC sector in the state of limbo where it still currently is. But, since BTC stopped short of challenging the confluence zone of 1D 34 and 89 WMAs (as it was pointed here https://steemit.com/technicalanalysis/@srezz/6ip81o-btc-ta) it implies weakness and unless we see a strong attempt to do so the weakness will increase.
https://www.mql5.com/en/charts/7367129/btcusd-d1-distel-enterprises-co
For BTC to find its direction it has to close either above $2323 on 4H basis or below 4H 89WMA (brown) or in absolute terms - below $2200.
PS. All numbers are based on xBTCe pricing, for the more liquid exchanges all levels have to be increased by $50-70
https://www.mql5.com/en/charts/7367168/btcusd-h4-distel-enterprises-co
