In H M Gartleys book his golden rule was to buy the first AB=CD correction in a new trend. BTC made nice gartley here so it "has" to be bought
if it fails will head down to form at least a butterfly at 1.1272
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maybe BTC hasn't read the book? close to being stopped out here, will see in the morning.
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look at previous retrace in this downleg, should get similar here
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very weak price action - falls almost 3000 $ it can barely muster a 600 point retrace, let alone a .382 dead cat bounce level not much interest in either buyers or sellers, such small volumes and market cap, pointless to trade
if 720 area doesn't hold then the higher low will probably get taken out pretty quickly and down to the 4xxx. Suck a few buyers in and then 1000K area