Low volume, weakness on a key support level, overall market dullness after a downtrend and a huge descending triangle on the daily chart all indicate that we may see Bitcoin drop further in the following days. Although a short term upwards move to 7000-7500$ cannot be ruled out. Best course of action is to wait for a valid breakout in either direction, then trade accordingly.
More likely the short scenario will play out:
Target 1: 6100$
Target 2: 6000$
Target 3: 5700$
Target 4: 5100$
Target 5: 5000$
Stop-Loss: 6600$
If the long scenario plays out:
Target 1: 6750$
Target 2: 7000$
Target 3: 7500$
Stop-Loss: 6300$
Risk safely, be patient, be brave and may God be with you!
More likely the short scenario will play out:
Target 1: 6100$
Target 2: 6000$
Target 3: 5700$
Target 4: 5100$
Target 5: 5000$
Stop-Loss: 6600$
If the long scenario plays out:
Target 1: 6750$
Target 2: 7000$
Target 3: 7500$
Stop-Loss: 6300$
Risk safely, be patient, be brave and may God be with you!