BTC wants to dip but where and how will it land?

BTC not looking too sharp right now. Would be surprised if it breaks upwards from here. Better question is that the hammer town will enter the city but how is the strength of the hammer and where are our rocket ship support, if any? What is the formation of the dip, sharp or grindy. :)

Comment:

BTC played out perfectly. Dip came to red support which was the bulliest formation and a bounce to break the downtrend. Trade idea finished.

Trade closed: target reached