BTC.USD - Short Term Outlook

Trading Pair: BTC.USD
Time Frame: Daily, 4hr & 1hr
Predicted Direction: Short

Live BTC.USD updates will be available in the comments section below.

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Price now pulled back to the 4hr 50EMA & 38.20% Fibonacci.
Potential short opportunity.

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Price now breaking out the consolidation channel, i expect price to test 13200

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Price now approaching the 13200 level, i would expect minor intraday support.

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I am now expected price to retest $12k this would form a new lower low.

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Expect around $8k

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$5,000 drop since the break a& close below Daily 50EMA