The price of BTC has been fluctuating in the acummultation zone, with no signals to go short or long. We may need to wait longer. However, We have seen any attack from the bulls has been rejected with strong force from the bears. That means the Shorts are stronger than bulls, is clearly that bulls are in disbelief and the efforts to make an impulse are exhausted. From my opinion, we must wait until see any breakout, however in my opinion is still a downtrend with liquidity target in the first level at 8,500