Support at 0.618 hold pretty well, trendline was tested once but got rejected, if we manage to close above EMA50 on 4h expect more bullish momentum to the upside.
This is a normal pullback, $BTC doesn´t care about news anymore... Alts react crazy to particular news but not Bitcoin.
Bitcoin overall still in a downtrend but we could expect a small bounce with a rally up to 8k. If we don´t break it bulls are in massive danger and will have trouble holding that previous support.
Just my thoughts on BTC this morning, nailed that bearish barrier yesterday already but I´m a bit confused right now with all counts going around.