we knew BTC broke uptrend line few days ago.
we may see 1-2-3-4-5 pattern, or maybe a-b-c pattern, whatever.
clearly we got another new downtrend wave after BTC broke that uptrend line.
in smaller timeframe, there's . but watch out for range price $10000 to $10400, it's fib 0, ,618 area, BTC may bounce at those area.
and 4H chart seems nearing overbought.
if it bounce, then we may see another downtrend movement, the second downtrend wave.
but if it doesn't bounce, next resistance is at around $12000, and may bounce down a few, to make inverted pattern.
for downtrend target, I use fib 1,272, fib 1,618, and fib 2.
bounce or dump more?
let's see what happened now..
if it pass $7322, we might see next fib support, around $6220.