Possible BTC Relief Rally

BTC has seen major plunges this year and this time it's no different. When comparing the past two similar dumps from the end of August and earlier in the summer, we can get an idea of how BTC may behave on its relief rally to retest upper support turned possibly resistance. It won't be a smooth ride up but this is a possibility based off of the end of August rally to 7400. My bias is still bearish because the market overall is bearish, and I don't think we've found a true bottom with conviction yet. If this scenario plays out, a retest of the 61.8 region from the drop would line up perfectly with the previous rally movement I mentioned. Then a short to the -0.27 region will align us with a bottom I could see playing out more likely, which has confluence with the weekly 200 EMA, or even dare I say a TP2 at the -0.618 level where BTC will have hit 2k, lost 90% of its value (as most alt's have done and are now finalizing their bottom supports), and I think a true bottom will be in. Maybe not one quick move like the previous dumps, but if buyers don't step in to take 6k...which, to be honest in today's crypto climate, there is no plausible reason for it...we're going down to find the true bottom.