#BTC $BTC The April diagonal trend line has been broken, it remains to consolidate below 116.5k and at the moment there are no questions regarding this, bears are consistently pushing the chart down without any bounces on lower timeframes. Now the April trend line will act as resistance during any bounce, and if it occurs, I consider the 116-118k zone only as a temporary weakness of the bears.

Resistances (green):

115 800

117 - 117.5k breakout level of the trend line

Supports / intermediate targets below (orange):

114 800

112 200 - 112 800 key support zone, last bounced there

110 500 - full target of the diagonal breakout with closing imbalance

For now, the chart maintains a short priority, as long as the price is below the diagonal and 118k, any bounces into the 116-118k zone are seen as an opportunity to enter a short. The April trend line is broken, it remains only to consolidate with a daily candle close below 116.5k, ideally for the bears below 115 800. Now any attempt to rise hits the retest of the diagonal and the volume shelf by VPVR 116-118k.