This is the Daily chart and it looks like btc might oscillate between the horizontal S&R or the channel trendlines. Currently 5600 is the resistance level and 4000 is the support. If this support breaks then 3100 is next.
Some people are saying we might see btc below 2k but I don’t think it’ll ever break 3k support level.
It’s best to let btc settle...
Currently we can see Adam and Eve pattern formation on 4h chart and it is on the verge of breakout confirmation which can also act as the resistance. If pattern confirmation happens then btc might move as described by the arrows. Otherwise we’ll see 10000 again.
Trade can be opened at this 0.618 fib level support and 220 is expected to be the first target if it bounces from here. Otherwise wait for BTC stability before entering this trade because if it gets broken, it might fall down to 157.