From 3.5 to 20, the 618 fib level is 13.7, which we are breaching now. The 382 fib level is 9.8.
The buyer support @ 10 has not been tested. It's likely that's where we're headed. Once it bounces off of 10, we'll see.
I thought that we were talking about 61.8% retrace of a drop, hence 19700-11159 (on tradeview)=8541 points
multiply by 0.618=5278
11159+5278=16,437, which would be a 61.8% retrace of the drop.
I don't think anybody else is talking about the move from $175 or 1k or 3.5K.
Some people use a different low, i just use the tradeview's one.