BTC rebound to 7500-7600 then down to 6100?

Bitcoin hit a strong level of support being the 50% Fib extension level before the buyers came in on a long wick. Looking at this chart on a daily, smaller swing idea we can see the bear structure forming well for another push lower, which can happen after a rebound. One concerning piece of information is that volume to the swing higher was pretty strong, it has to decrease on the moves higher otherwise we could see a little rally in BTC.

The structure resistance is now at 7450-7500 based on the previous broken low, however it can get up to 7700 or so where the large range cluster had formed. If there are long doji candles that form around one of these resistance zones its evident that the downside will continue. The next target after the 50% Fib extension is the 61.8% Fib extension down to 6100.

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