BTC dropped to range between 0.5 and 0.618 Fibo levels considering the retracement from 6000 to 11700. It s a nice entry level if we have a rebound we can go to 11000-11700 range.
We still on this trading and trying to breakout 0.38 fibo level at 9500. After that we have the next Fibo level on 0.23 at 10300 to reach the next and final target between 11000-11700.
BTC is back to buy-zone, is the 3rd time since 5 days ago, anyway we can have 2 scenarios: 1) a tripple bottom and a rebound to up; or 2) a breakout to down and support in 8200/7200/6000.
After a week BTC is back to buy zone again after a drop to 7800. A important thing to consider is about downtrend line breakout. We can have it if BTC close the daily chart above 8700.