This was something extraordinary, I have never seen such move - may be one time on EUR/USD when I was trading forex. If we stabilize above the 5.4k-5.5k region which is the 200 weekly MA, I will be bullish. This can very well be the bottom and bitcoin is cheap right now. Unfortunately I lost the leveraged positions, I guess a lot of people did - however I am long term HODL-er also. Will attempt a position if I see this level is respected at least for a few days.
BTC is clearly with bearish divergence on the 4hr. Also rejected two times at 6.9k level. I think we are going to at least 5k if not lower. We have to see where BTC goes next - whether it is a higher low or lower low.