Recently we saw a lot of EW analysts count invalidate themselves from $7350 down to $7100. This is my view on the future of trading levels on BTCUSD and Im at the point of staying short until the $4000 level where we should bounce of the next speculative support trendline. Right now I think the bears STILL definitely have the momentum behind them with an unbroken bearish resistance trend line since December last year.
