"TA doesn't work" is a funny phrase that everyone is throwing around. The reality is a two pronged sword as it does and it doesn't. You can draw as many lines as you want in your quest to find the perfect support and resistance but then a hack happens or the MT Gox trustee starts selling and all of your hard work goes to nothing.
This is not to say that "TA doesn't work", it means that you have to be prepared for every situation, do your own research and not lose faith at the first signal of weakness. The total market cap of all cryptocurrencies is just a ripple (lol), in the bigger picture of money and if you are reading this you are still early enough that crypto can make a difference in your life.
On to the TA:
As I am writing this we are sitting at a healthy 8310 USD testing important resistances as you can see below marked with red circles:
The next level to blast through would be 9800 USD, another important level that got rejected last time as you can see below:
We might experience a pullback as the RSI on the daily is currently oversold so we might see some consolidation at these levels but as you can see, the bearish momentum is slowing down and we are expecting greener pastures going ahead. 10 August is an important catalyst for this green price action as everyone is expecting the ETF approval.
Stay safe out there and keep them funds safe!