BINANCE:BTCUSDT.P Bitcoin / TetherUS PERPETUAL CONTRACT
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.