Our preference: the downside prevails as long as 3480 is resistance.
Alternative scenario: above 3480, look for 3518 and 3540.
Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 3510 and 3533). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (3433).
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced