We have seen this chart a lot now at this stage but I have added the weekly chart here and I am showing the MACD too and I have highlighted the very clear peak to downward trend here.
We have already seen on the daily chart that the price has rejected at the 50 Day MA twice now in the descending channel.
$BTC is not a buy here in this set up and it is still hovering around the 0.236 Fib, I would need to see more of a pull back to justify a positon
Which is also why I like $ETH right now as it approached its 200 Day MA.