Bitcoin bulls tired? |Target 8500 | Reversal

My analysis showed the ending my this bull structure ending around 8400-8600 area and a potential reversal back down to the $7000 and then $6000 range. This would continue our overall bearish pattern for the last few months. I am totally ok with us going higher but I would much rather wait to break $8900 to see if this is a real bull rally or a fake breakout. This current area has the 200 MA on the daily giving us resistance, the 618 fib from the previous corrective wave resistance, the weekly 50 MA resistance, and the slope down of 50 MA on the daily from last month. All these factors tell me that we may head down again. Again, I am more than happy to be wrong. It is much easier to be a bull in this market so I want to make money the easy way too and not just short the market and keep waiting for the next bull run.

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