Previous BTC dip lines up nicely with the 0.618 reversal area on the fib created after the end of a historic rise. The purple area is my buy zone. This would also be a nice 30%+ dip which I'll be trying to snag. This also lines up nicely with the Ichimoku cloud support. Also could be worth noting the 0.618 area is also at the top of the last rise.
I also could be wrong and this could be a minor blip and up we go to 60k+, after all, we have institutions buying up large quantities and exchanges still running out of coins.
Excited to see where we go either way!
*I make no claims of being a pro I'm just at the end of my second year in crypto and by no means an expert on TA. Criticism/refutal welcome with explanation*