here is my idea how Bitcoin will go deeper from here:
a hidden positive divergence in 4H did what it could, and now a series of negative divergences in 1h, 4h and 1d are coming to test new lows.
a bear flag is also visible.
a fibo on the last 4h swing (low of 24 Jan to high of 26 Jan) can show us a 1.618 target around 29500 USD
the handle of the bear flag also points to that number (roughly)
you can go to my tradingview account to play next candles from here:
https://www.tradingview.com/chart/XBTUSD/atHGU9dk-Bitcoin-to-dive-again/
cover image source: https://cnirbc.com/bitcoin-price-takes-a-dive-but-will-it-stick/
