So here we are with a continuation of a bearish outlook.
In option 1 BTC retraces to around $20,000 and then tries to retake the 200 MA and succeeds. This is a Goldilocks + Moonboys scenario.
In option 2 BTC suffers further losses and retests its previous low and breaks it to retest the previous $10,000 levels. I think this is the more likely scenario.
Notice that both scenarios end up with the price going up eventually.
I always hope for the best but prepare for the worst.