The two current candles are looking very bearish. However, if some fundamental events can change that then we may avert this very bearish move.
We have good support zones at the .618 and 1 fib. But I'm still not sure if a bounce may occur there. I do believe that if price reaches that point, some panic selling will be triggered much worse than the previous one we had before.
Again, this is just a probability. I'm waiting for the current weekly candle to close. If green and closes above 9.6k, then we can still go higher to 15k. But if it closes in the red, then we can retest 6k or may go lower to 3.5k (which is the worst case scenario.)
We have good support zones at the .618 and 1 fib. But I'm still not sure if a bounce may occur there. I do believe that if price reaches that point, some panic selling will be triggered much worse than the previous one we had before.
Again, this is just a probability. I'm waiting for the current weekly candle to close. If green and closes above 9.6k, then we can still go higher to 15k. But if it closes in the red, then we can retest 6k or may go lower to 3.5k (which is the worst case scenario.)
Comment:
Better view:
