For the charting freaks, BTC 4h.

We're seeing some relief this morning and Bitcoin has recovered the 7 MA. This should trigger a support vs resistance scenario between the 7 MA and the 25 MA (currently at 66k). To speak about having bottomed out we want to see Bitcoin recover the 50 RSI at the bottom.

The other scenario would be, we lose the 7 MA and make our way to 58k which should show strong support as it is a FIB level. Personally I think we're done for now but we'll see about that throughout the day.