The light blue trend lines is now broken and is not valid for our analysis anymore. Becoz of that, B zone as a correction position ( still under orange trend line) has a wide range. B zone could also be a good entry for anyone who want to short BTC again. Short trade is still targeting 7k and long trade still need to wait for more confirmation .
The 200 moving average on the daily has held for 3 years. I do not think we wold see it break down below that... 8,900 at best at this point, with a potential wick down to 8500, but that would not hold for more than a few seconds.
7K? No way! Too much support at 10.5k / 10k / 9.5k - There are more long futures contracts too, so I cannot see Wall Street and long term HODLers wanting this down that low!