I was expecting BTC to turn around at $8,000, but it still reached $8,500. Now we have overbought RSI, high (and crossing) MACD, and weak volume. It all indicates that BTC is having another downtrend.
I'm anticipating that BTC will have 1st bounce at around $5,700 which is major support line.
After that we can fall as low as $4,200 or in worst case scenario $2,300.
In my analysis I'm using Fibonacci Levels, Elliott Wave principles, Support and Resistance lines, Candle Patterns and formations, like Head and Shoulders or Triangles (latter more often than the former).
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