BTC is entering a Compression Zone BTC weekly candle closed below the 50 SMA with a bounce off the 21 SMA. This is a break of the uptrend. RSI has reversed it's upward break of the downtrend and has closed below the trendline again. SRSI momentum has continued its down slope currently beginning to cross below the 50 line. These are all very bearish as the 21 and 50 SMAs inch closer to a touch on a horizontal path with low spot volume. Typically, this forms a Compression Zone. In compression state, a capitulation move is often the result with a decisive action to the upside or downside. Higher timeframe, an upside move points to the 82.8K resistance while the downside move points to 62.8K at the .786 Fib coinciding with the structural support there. TA is erring toward a downside move but the heavy stack of short liquidity above current price may be too tempting for the market makers to pass up on low volume. May the Alts be with You!