Big dump occured overnight on BTC.
Info curtiousy of Edward Morra.
This dump might be the shakeout before actual move up (also long squezee), very similar to Wyckoff spring (a spring is a move designed to make people capitulate and sell into hands of market makers).
Found support at 0.786 fib level and already forming bull divergence on 4h, want to see it forming some divs on higher timeframes as well. Indicator-wise this dip is still to considered a shakeout, not a new downtrend. $6950 and $6850 are important levels in case it dumps a bit more. 