Daily bearish engulfing pattern

Morning guys,

We still follow our scenario with daily false upside breakout and suggest that BTC could show deeper retracement, somewhere to 8.8-8.9K area. We have two scenarios how this action could start and one of them is on the chart.
Now price stands in upside AB-CD that agrees with major 5/8 Fib level around 9.9. This is the point where BTC could turn down and start second leg of downside action.

Alternatively, if BTC turns down right here - we get 4H Butterfly "Buy" with approximately the same target.