BTC failed to regain and close above the 52k Area. If we go below the small yellow box (0.618 of the current move) then we can expect a future retrace to 40-42k. I will be looking to buy more BTC between 40-42k. It is the 0.618 retrace of the last big move.
Note
On the bullish side, if we make an ascending triangle then we can continue back up
BTCChart PatternsTrend Analysis

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