After Bitcoin broke down the 'white' triangle and broke below the dark areas[golden pockets of Green Fibb' Retracement] it declined sharply with a wick to 17.6K to possible performing a dead cat-bounce, retesting previous support of golden pockets perfectly but now as resistance only to get rejected and continue to be headed lower.
What we should all be anticipating while bearing with patience, is Bitcoin to be headed at the 'orange' line which is another golden pocket of a larger time frame Fibbonacci Level[17.500$].
If it finds support there and Bitcoin starts increasing in USD price, that level is a good buy-zone for long-term accumulation.
Worth mentioning is that we also have a 'Death Cross' on the 4Hr. Chart[the yellow MA]
TRADE-SAFE