This will be something to learn to look out for from now on, since we are about to make our next leg lower.
Bitcoin local bottom 7100-7700 before we bounce back to.. either 8.1k or 8.3k and fail to make a new high.
Wake me up at 6k.
Getting above 8118 with that level being such a supporty area means we might hold above 8100 for a bit.
Not for very long.
A useful high to put new fib extensions up with. Here, in orange;
New fibs suggest we might retest 7950 tonight. If it holds, that might be all she wrote in terms of correction. If not, next stop is 7300.