BTC dumped from the 0.618 fib level at close to 50,500 as expected, and the 0.5 fib level is now acting as support. Confirmation of support there could be a good place to open longs with a tight SL, or DCA into BTC. The lower trendline acting as support is also crucial for the short term. Will be monitoring price at marked S/R as well as Fib levels.