Each one of these candles stands for 24 hours.
The big bold black line on the chart stands for MA200.
Bitcoin is in a very strong move right now and currently trading above EMA10, EMA50, all EMAs and also this MA200.
We remain strongly above these level.
Before we can even think of a scenario, MA200 at around $45,400 needs to be taken out.
There is no point in lookin at $37,000, $41,000 nor any other level as long as Bitcoin remains trading above ~$45,500 (MA200).
So, since we are and strong, instead of focusing on the downside, we have to focus on the way up.
NOTE: If BTCUSD breaks and close below EMA10/MA200 (green/black lines), then we can onsider the scenarios.
We also have $44,174 as support based on fibs.
As well as EMA21 ($42,635)... This all comes before $41,000...
Then again, we are on a wave.
Thanks a lot for reading... Be patient, it will recover.