As I mentioned in previous posts, the bearish divergence is currently playing out:
It's still a bit soon to conclude anything, but I expect (at max.) to stabilize around 6800$ after shaking out weak hands. The RSI bottomed out in 1H timeframes, so I expect a little rebound before another leg down (if!).
If bulls fail to defend the 6800$ support (a decent one have to say), might we have another battle at our yearly support around 5800-6000$.
Happy Trading!
Thanks for reading!