$BTC IF price were to come down more, then we're going to have some solid confluence at the Daily 200MA/EMA & 0.382 Fibonacci retracement level. This ~$105K area also lines up nicely with the previous consolidation area. Don't think this is in play as long as the ~$112K area is held, but it's always good to have certain scenarios drawn out so you're prepared in case price does visit them.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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