After having seen numerous BTCUSD charts, I am unsure why no top author told you about the ULTRA-IMPORTANT MA 200 on a which has been capping BTC growth since March 2018.
To keep things simple, I have made this chart using MA 20 (blue), MA 50 (black) and MA 200 (red), levels, previous price action support levels (red extended lines drawn to the left of Fibonacci levels) and a black which has been capping further growth of BTC (along with MA 20) after the rejection at 10000 level by MA 2000 on May 5, 2018.
How the moving averages -- especially the MA 50 and MA 200 -- have been acting as is self explanatory on the chart.
I have used two Fibonacci levels in the chart. The larger one has 1.272 retracement at $2260 which I believe is the bottom given the strong price action at that point.
However, there are three other support levels between current price and $2260 which are the 1.272 retracement at $4624, 1.414 retracement at $4623 and 1, at $3160 as seen on the small Feb retracement. They are likely to serve as temporary support and might prompt minor relief rallies. How they coincide with previous price action support has been illustrated using red lines.
Here is why I am and rejecting a scenario :
Price tends to follow the path of least resistance. Since pretty much all the major resistances are above the current price level (to add to the worry, most resistances are within short ranges i.e. USD 6681-8390) and BTC has not been able to breach them with momentum, a scenario in near term looks unlikely. Price must go down in phases to test the major support at 2260 level, consolidate there to gather strength and make an upward journey with momentum. A long term scenario will only be confirmed only after a breach of MA 200 is confirmed.
I am not mentioning about the classical charting patterns since they have already been covered by many top authors. They also indicate a further break-down to 2260 level.
RSI divergence and morning star on daily make it unsafe to short any-longer even though medium term bias is still to the downside.
i still think this was a move to reset rsi in 4h and 1d, not being able to break 6250 was a good sign, if this breaks your scenario for the mid-term can be valid. we'll see.