A bounce will happen, pay attention on the structure of the bounce. $BTC will have either a B wave rally or a start of a 3rd wave rally.

B wave rally = corrective rally which will be followed by a C wave which is most likely a 5 wave move to the downside with support at around 56ish k.

3rd wave rally = we break and sustain over 70k with a 5 wave move.

Pay attention to the levels.

Overall the wave 2 correction has a support until 56ish k.

We are oversold on hourly and 4h which is a good indication of a bounce to come.