Little support was established on the daily timeframe across all exchanges for BTC within the range of 3000-4000 with the small exception of early consolidation at the 3300 range. 3300 area serves as a good bounce opportunity whereas 3000 could serve as an excellent long term buy opportunity.
This assumes bear market and continued downtrend. See my wave analysis/logchart for further support of the bear market. Disclaimer: I am short from the top.
Down from here seems unlikely with all the terrible news at 4k what can send it down.
cerncris
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@NemoTrader, I made this 10 days ago. Down from here assumes that the bottom was not the major trend reversal. I hit all my targets and I am long from what I consider the bottom and a reversal to bull market. If it goes down again, I will simply buy more.