Again we are moving towards a critical point. BTC hasn't closed a daily below my dotted line yet but if it does things could go ungly. I don't expect that BTC will go down now. I expect it to bounce as it did in past when it touched that line. I targeted it in the orange circle. I think we will move towards the 61.8% region and bounce from there.
So we went to 78.6% but still trade is to the upside from here. My target will be the 61.8 and 78.6% of the downmove. I coloured it green.