We have a well defined downward channel for BTC/USD pair. With recent high of 11832 bellow downward trend line gives confirmation . Red island around 61.8 Fib retracement 8888 is a strong support area. Above 8888 is a HOLD until we break the downward trend. Above 10948 creates a bullish signal . Wait for confirmation before jumping the guns.
Ultimate support is 6000. If this breaks we are doomed .