Bitcoin is in a corrective phase of its short term bull run. We currently in wave B of the ABC correction. We are still in deep Bear territory on all higher time frames. I see Wave C concluding at the Fib .618 level of this short cycle. There is a slight Bearish Divergence on the RSI as well indicating weakness in this price movement. Trade with Caution!!!
LINK in final leg of ABC correction.
Target Box seems logical to me as a reversal zone as there is a confluence of support. Trend Line + 1 Day Kijun + .50 Fib Retracement level.
I'm just a green dude and not a financial adviser. DYOR