The price of BTCUSD has broken below the golden trend line and headed lower towards the 61% Fibo that was violated as well. Currently, the price is trying to bounce back to test the broken trend line, but there is a supply zone between the levels of $4,385 - $4, 480, so only if this zone is clearly violated, the bulls will be back in control over this market. If, however, the zone will cap the rally, then the remaining wave C of the overall corrective cycle should be developed to the downside. The projected target for the wave C is the low of the wave 4 at the level of $3,600. The downward scenario is more likely if we take into account a very limited up volume and increasing down volume