BTC Short

BTC almost reached the 2.618 fib at $44,000 as per our previous chart. A rejection from this price or the area around this price was expected and BTC has now dropped to our support zone of $32,000. This is an important level to hold for the correction to be over. If this level does now hold, we can start seeing a move towards 0.618 fib at $24,000 with stops at $27,700 and $25600. How BTC reacts at the lower fibs will determine the next move of BTC. IF $32,000 holds, we could again start seeing BTC making a move towards $44,000.