Let's keep this analysis on $BTC extremely simple and straightforward.

We knew the range high was going to make resistance, and price was rejected from there just as expected.
Now we are in a clear local downtrend with a series of lower lows.
Price is trading close to mid-range, the most choppy area in a range, so there's no point in making business here.
The only places of interest for longs in this range environment are either demand or the range low down at 60K.
Anything else, as long as we are trapped in this range, is just noise!