BTC/USD Is Sinking. What's Next???

Bitcoin still goes along the red midterm descending trend line and shows no sign of recovery. The currency pair established new lows on Monday meaning sellers still have control over the market. BTC/USD seems to aim at $6,510 in midterm.
Let’s have a closer look at what is going on the Hourly chart. The price has jumped below $7,199 support area and is trading there currently. Bitcoin has chosen the red scenario (bearish) on Monday. BTC/USD slides down along the red midterm descending trend line.
Possible ways for Bitcoin are the following:
1. Red scenario (bearish). BTC/USD will continue to fall without any significant correction or after a correction towards the closest resistance area at $7,199. The closest targets for BTC/USD are 2.618 retracement level and the support area at $6,943.
2. Orange scenario (neutral). Bitcoin will jump over the closest resistance area at $7,199 and move higher targeting the next resistance area at $7,565, which coincides with 1.618 retracement level. Once those targets reached, BTC/USD will reverse towards $7,199.
3. Green scenario (bullish correction). There are still chances that buyers will be able to make a kind of a correction. The price will reach $7,565 and move higher targeting $7,949 resistance area, which coincides with 1 retracement level.

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