BTC/USD Daily TA Neutral Bearish

BTC/USD Daily neutral with a bearish bias. Recommended ratio: 40% BTC, 60% cash. Price is currently testing the uptrend line from March 2017 as support at 28.5k (doji candle) and is still technically testing 30k support. Volume remains very high and is on track to favor sellers for a second consecutive session. Parabolic SAR flips bullish at 33.6k. RSI remains oversold and is currently trending down at 24.6 as it tests 25.60 support for the second time since 05/09/22. Stochastic remains bearish and is on the verge of reverting to a bearish crossover at 6.15; the next resistance is at 29.70. MACD remains bearish and is currently trending down at -2923 as it is still technically testing -2497 minor support; the next support is the ATL at -5089. ADX is currently trending up at 38 as Price continues to fall, this is bearish. If Price is able to defend support here at the uptrend line from March 2017 (28.5k) and reclaim support at $30507, then the next likely target is a test of $36258 minor resistance. However, if Price breaks down here, the next likely target is a test of $24180 minor support and potentially lower to $19417 major support. Mental Stop Loss: (two consecutive closes above) $30507.