BTC is looking to next test the .718 fib which aligns with the long term trend line below. It is currently in again an ABC lower wave correction. Hopefully, anyone taking the long trade a couple days ago kept their stops in place and made a little money on the bounce before we continued correcting. Today, I see little opportunity to take another long position unless we get to label red c level and see signs of support. This red a price level will be the next potential bottom to try another entry long. If you do take a long position at this point keep a stop in place to minnimze any downside risk until we definitely establish a new bull trend at least as we could fall lower to test the 100% fib which is at around 3900 level. Hopefully, we will see support come in before then but this is a strong correction. Good luck and buying opportunities will be at hand before too much longer I believe at some solid discounts. Hopefully, we will all get long near a solid bottom and ride the next bullish trend up to new highs. Cheers!