BTC Looks Heavy...Bitcoin / US DollarCOINBASE:BTCUSDSive-MortenHappy New Year, Folks! I hope you have a good time... so, BTC... looks heavy by my mind. Following to the swings structure it shows inability to return back to 94K area. First it was not able to proceed higher, showing too deep retracement. Now it stands flat under 90K. On daily chart, with bullish MACD direction it starts reminding a bearish dynamic pressure, suggesting downside breakout. Besides, on weekly chart, consolidation is taking the shape of the pennant, which is also bearish. Situation could change if BTC somehow will break above 91-92K area. In this case bearish pressure pattern will be cancelled. But right now, it seems that chances on re-testing of 80K lows look better. We do not consider any new longs by far.