Small retracement 0X before MAJOR target

As seen on the chart the last high nearly hit the 2.618 fib extension. Based on the short term bearish signs at the BTC chart I expect that 0x will retrace to $0.96 - $1.10.

At $1.10 the 0.618 fibonacci and daily 200 EMA are located.
At $0.96 a support at the previous high.

After that a mid term of $8 dollars is very likely based on the channel.

Keep in mind the market is still bullish on mid term.
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