Short Btc , there is a possibility to hit 8k and then reverse and tap 7k .
Waiting for 78.6 retracement and then i will enter long.
After our stop loss was hit , the fibonacci and second retest are very important confluences to reenter the trade.
Bitcoin might fall to 6300$ , retrace back to 7300$ , and then falling all the way down to 4900$. That's where i will be executing long position