BTC/USD Update on Support Levels

On almost every time frame we started building a lot of -div over a long period of time, and it finally caught up with the bulls.

I'm showing the next major support areas where it can bounce, along with some serious -div that I have been watching for about a week now. There's an obvious M pattern going on, and it hasn't even broken the neckline yet so that's why I think we'll see sub 9k again.

Daily turned bearish yesterday when the candle closed as a red 1 count and then confirmed a short play when the low of the red 1 count was broken. You would have caught this sooner if you were looking at 2 and or 4 hour.

The ideal situation is that we bounce at around $8300, thus making a higher low. I see us going up to near $10,200 then dropping more from there.