Hidden Bullish opinion.
Price descending against known desirable position close to 8K usd.
Indicators on larger TF seem bullish and oversold.
RSI may allow push for "classic bottom" near or just below 8k.
Letting it fall below 8k and closing lots of shorts at once will have a strong effect to escalate BTC/USD.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.