https://i.imgur.com/OqWipan.jpg
After a strong rally from $ 6,000, Bitcoin finally saw a 100% increase in market value as it is now sitting in its rally on less than $ 11,000 on Sunday. At present, the market is checking well-known, strong resistance levels and is looking at unwanted shackouts and rallies because it determines what will be the next market step. In the macro view, we see Bitcoin testing 50 EMA energy every day:

https://i.imgur.com/YFElSHR.jpg
The red square at the top of the trend reveals a macro distribution trading range that ultimately reduces the price of the past few months. During this article, we are currently testing the range below this trading range:
https://i.imgur.com/db2AZg8.jpg
For a specific roundabout of a market cycle, it is quite common to break down below a distribution trade range, see a strong drop in price, and then a downward trend leads to a retest trading range.

The markdown at the top of the market cycle is clearly explained by the red, dotted channel slopes below the top of the figure. This present gathering has a stretch of value beyond the limits of the channel and current downward trend shows a break.

But it can be said that a breakdown of downward trend would not mean it would be an uptrend. It is quite possible that a break from downward trend generates a new downward trend which could be a consolidation time - we've seen this time and time again.
During this article, we are currently seeing a price disaster because the market will decide on its next steps. From $ 6,000 to $ 11,000, we look at a trading range to begin to see:
https://i.imgur.com/S5VcJHY.jpg
This bullish case can be considered for a trading range if we break it above and manage to find support above the trading range. Support This sign will be a bullish sign on the market that we are less interested in the lower values and that market is ready to continue its markup campaign.

However, if we abstain from this trading range and return to the trading range, then it will be a very bearish sign that we are actually building another distribution trading range which indicates that the current rally is over. At that time we can expect a new markdown promotion in the following days and weeks. So, this current resistance level is possible and serve to mark the end of the upwards

# Summary:

1.Bitcoin saw a strong assembly as it was below $ 6,000.
2.Currently, it finds dangerous market activity because it tests the well-known and established resistance levels.

3.If we manage to get help on the trading range described in Figure 3, it will be a strong indication of continuation of high altitude. However, if we do not find the support at the top of the trading range and we fall within the trading range, it is a strong bearish sign that prices are stored in a few days and weeks after a possible markdown.

https://i.imgur.com/ftYF9Qo.jpg
# If you follow me I will Follow You.@imran786