Trend Break from Parallel Channel for BTC

The markets got absolutely hammered !! It looks like that there may be more down side left to around 74 K which then would be a good re-entry point.

It is looking very bleak out there right now. Some say that bottom for BTC has happened around 89 K but I think it will continue down for the foreseeable future.

What do you think will BTC re-bounce or will it continue down.