On the weekly timeframe we still in that downtrend that is lasting for almost 2 years....
Due to ther Hash Ribbon indicator a possible buy should occur at the 28th or 29th of june. But what is going to be the bottom? $8700, $7200 or even lower to the $6300 near the 200MA.
Within a week we will know the answer....Stay tuned and I update as soon the market changes.