Strong Resistance pressure. Reversing to shorting.

BTC is reversing on 1H (RSI = 39.452, MACD = -8.200, Highs/Lows = -23.6977, BBP = -115.9100) and below 6,852 we can assume that this bearish reversal is sustainable enough to drive the 4H Channel Up lower (already on a decreasing rate on RSI = 59.817,neutral CCI = 21.5111, Highs/Lows = 0.0000). We are closing the long earlier instead of 7,500, as the selling pressure from the extended Lower High sequence (blue dotted line with arrows) is strong. Although the technical Lower High extension on 1W is still just above the 0.6180 Fibonacci at 7,500, we are initiating the short position build up on Bitcoin at the current price with the second set for 7,500 (given the chance). TP1 = 6,541.80, TP2 = 6,082.70, TP3 = 5,609.10 (the latter with SL on BE).