Bitcoin and the whole market has seen a pretty major dip recently and now we're looking at a potential close underneath of our 0.2 FIB Level! If we do see a close below here BTC might drag itself and the market down further. Something to definitely watch is the RSI, This is very very important, If we don't see a recovery above the 50. point and drag down further we will be in a confirmed downtrend and this would be very bearish for the whole market, not necessarily for a long time we could just see another correction which I consider healthy in this type of cycle. Our EMA ribbons are squeezing together and beginning to point down slightly, the key for these is to watch for that flip of the bands from green ontop to on the bottom (bearish). We could be seeing some bearish momentum. The Zero Lag MACD is important aswell we see that our Red MACD Lead is starting to curve upwards but nothing is certain right now, same with our currently bearish MA's, we will need to see a full flip to blue ontop to have a confirmed upswing. A possible scenario for this is we could be seeing the market as of now and bitcoin going onna bit of a correction but if BTC dominance falls along with BTC like it has been we would really be seeing the start of the altseason BOOM! If this plays out After the correction happens BTC will stay pretty stagnent and Altcoins will go absolutely insane! This is a very possible scenario as it has been the case in the past cycles, so for sure keep an eye on it. Not financial advice just my opinion!