BTCUSD: Key level for break-out or rejection.

The price has approached the technical Lower High (3,800) of the 1D Channel Down (RSI = 38.843, MACD = -415.100, Highs/Lows = 0.0000). This will most likely lead to a rejection towards a new -24% Lower Low ~2,850 (3,215 first). If however 2,800 breaks higher, being the 0.382 Fibonacci retracement level, we should test the 0.618 level (4,180) before anything else.


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