It seems that the recent COVID news affected BTC rapidly but now we can see a cool off.
The correction of BTC is accelerated and close to end. I can see a reversal from here (53k-54k) or a more valid one from 49k-51k which will be the very bottom of the recent bullish trend and also located on the 0.5 level of fib retracement.
Overall, I am still bullish on BTC unless it breaks the important level of 0.618 of fib. I enter long from here and add more on the second level. My target is 89K-91k.