BTC has been hit hard recently with the sell off from china news. If we hold above 4,000 I expect it to consolidate in the area before deciding on its next move. If we break below I look at possible 3,600 bounce or 3,000 as major supports.
Broke R1 and now using it as support
Huge panic dump from china news. If R1 which is now support holds, expect a bounce if not expect a touch to 4,000 again.