My thoughts are laid out in the chart. Not sure if this scenario happens or not, but for the uptrend to continue, price needs to find support around 57-58k, otherwise price might dive deeper to 53-54k, which is going to shake a lot of people as it rightly should.
Note
Let's hope people do not take 0.618 Fib level as a joke
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.