We hit the expected support level of 4,900. Let us wait some time to see if it stays there. If this support doesn't work then BTC will go much lover. This is worse than a bearish market, it can lead to total crash of crypto markets
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After a while BTC I still don't see a reversal signal. I will not trade I will wait to see a reversal signal
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Next support is between $4400 - $4500 and it is a weak support. I hope we don't go below this level if BTC doesn't hold there it can go to $3000. By the way I am referring bitfinex charts. The support levels change accordingly.