Bitcoin Bearish Divergence Break Down

BTCUSD has broken down from a bearish divergence, but it's not clear if the full extent of this dump has been exhausted. It seems like a descending resistance is forming now, implying we may start down-trending for the next week or so. However, this can be exploited if we see a breaking of this resistance, as we can go long (after a volume-supported close above this resistance).