After having filled the 38.2% Fibonacci retracement @ 18504 (low of 18500), BTC will find some important levels to break 19209 : 50 % Fib ret 19376 : 61.8 % Fib ret which is also currently the level of the downtrend line resistance Recent price action should for the time being, be seen as a corrective move only on a new downtrend. As mentioned on my update on D1, only a clear breakout of the 19450/19700 trading zone would force a reassessment of the expected bearish scenario