BTC Price is currently trading at a major weekly support level that also lines up perfectly with the 0.5 Fib level of last month's relief rally. This is a level where I would normally expect buyers to step in, especially after the aggressive selloff we've seen over the past few days. At the same time, the recent dump has created large amounts of liquidity that are now sitting above price, making a bounce increasingly likely in the short term. That said, I still believe any bounce from here will eventually turn into a bearish retest rather than the start of a new uptrend. As long as BTC doesn’t break back above the recent breakdown levels, I expect price to continue lower afterward.(Max Trades)