BTC has rejected of the 618 level on weekly and starting to form a bearish market stucture with creating a lower high. The weekly candle wiped out almost 4 weeks worth of gains and currently sits 3 week low. If you also draw a trendline from the low green candle near 30k up to last high green candle from last week. the current red weekly candle shows the trend is broken. That is just my opnion based on how i have been trading btc. In order for the market to recover we need to bounce ideally on 382 level which we touched at 43444 and worst case 618 level 37557. to start creating a new upwards structure. Failure to do this will cause btc to drop futher over the coming months and create a bearish triangle. so personally i wouldnt be longing in this area until confirmed bounce has been seen. i feel next week we could see prices near 42-43k levels. Again this is my opnion only.