Update on Possible Bearish Continuation

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Just a quick update of my possible bearish scenario

Will be looking for a possibile breakout at 4437.5 to the upside validating a small bullish run and invalidating this chart.

Also a bullish rejection at 3121 would invalidate the 94% ATH retracement projected downside of this chart