The more I look at Bitcoin's price action, the more bearish I | TrendUpdate

The more I look at Bitcoin's price action, the more bearish I become.

Technically speaking we are in a range and the pressure is on the downside and, as I've mentioned before, a break under support is bearish .

Also, if we have this break, I don't think BTC will stop its descent at 53k again, it will be too obvious and considering that such a break would confirm a more than 2 weeks distribution, the drop should be aggressive.

I will stay with my short trades for the time being and only BtcUsd above 60-58k area would make me rethink.