Break below the orange line, move lower. Break above the horizontal red line, move higher. I think BTC still has some room lower and certainly today should move lower. Notice all the selling in the volume. Reversal not happening yet. I do strongly believe that the lowest we will go is 19-20k. It is possible we don't get lower than 24k. Or maybe we don't even break the ~30k area. No one can know for certain. Perhaps I will document my mid-term hypothesis as well in another post.