BTC Retested the .618 Fibonacci retracement level and frontran the Yearly Open slightly. This level is the last major support area before ~86K. Bulls would want to defend this level and get back above 98K to make this look somewhat interesting. The current sell off from top to low has been -25%. This would be roughly in line with the other major sell offs this cycle, which mostly saw Bitcoin retrace by -20% to -30%. But it's clear that the trend is down as we speak. So while this might be an interesting spot for a bounce, I'd still recommend to be very aware of the trend and how the markets are moving. BTC has a lot to prove to get itself out of this tough period.(Daan Crypto Trades)