Patience is the key here, a leading diagonal off of a pivot will often retrace deeply between to the 0.618 and 0.786 in an ABC Zigzag formation.

Unsurprisingly after BTC             broke out of the rising wedge , earlier we dropped to the 7300 support, from here i expect a little upmovement to the 50% fib level, before the next move down.

Really not good that the bulls couldn’t get over the 7600 resistance level , after so many attempts, on this move down the 7100 support is key if the bulls do not want to lose total control. if the long trend line breaks(already tested 3 times) and we go below 7000, the next stop would be 6500, and getting back from there would be a massive task, likely start a very long bear market.