Currently on the 4hr BTC is facing short term resistance @ 11.4 K, if it fails to break this level the the long term trend toward 7.4 K may play out. However there are a few stops along the way. If BTC doesn't bounce of the purple line (trend line from 20K) then the next support is 10.5K which was the peak for the last few rally attempts. if 10.5K fails then there will be a strong push to 9.6K which is very significant support (CME Gap & golden FIB .618 from 20K high), hopefully it can find support there, if not, the chances of hitting 7K will increase significantly (golden FIB .618 from 14K high).