Pretty straightforward chart. Zooming out to the monthly we can get a lot more clarity on BTC's future direction. It's quite clear where buy side liquidity ran out. First, we see a strong reversal at 13783, the close of the monthly candle for January 2018. This was followed by another failure, when it failed to close above the June high. This marks the top of the parabolic move. My expectation is that BTC will, at minimum, retest the area of the initial break of market structure at 6307. The strength of the reversal at these key monthly levels suggests to me it will probably go lower than that. If that level fails, I would expect a retest of the 4k area. Long with caution.