BTC Long Term Bearish Outlook

In the last few days we have broken below the red dynamic S/R. Currently on the 1H & 4H timeframe, a bullish impulse looks ready to occur. However, because that trend line has been rock solid over the last 3 months, I would not be surprised if we impulsed to 9550 and then test the trend line as resistance and dump to low 9000's or even 8700.

Will keep an eye on it and update.