I'm counting on 4900. We have strong support there! The price will definitely stay there for a while. Next, I also expect positive news that will give a new impetus, and after we will be able to fall below the levels of 4200 - 4300$. I am definitely sure that we will gain a foothold below the weekly trend. $ 4261 is the level of 0.786 Fibonacci and in my opinion the rebound will be from this price!
There
should be some horizontal support here at the $4,800-$4,900 area. But price is still grinding down without a sign of seller exhaustion. This is really quite the selloff...... lots of momentum here!
If we manage a bounce soon, I assume selling near $5,500 will be a good bet. There's a lot of resistance to work through. Ultimately, I'm eyeing the long term uptrend line from 2016. It's standing at $3,800 and rising.