Fibonacci retracement 0.382 point and critical rectangular resistance are at this point around 41,600$
Breaking up here can take us to Fibonacci retracement 0.236 level that is around 45.500$. Even if Bitcoin will see this level in my desicion we may target Fibonacci retracement 1 level which is very close to main trend support.
Rsi lower than previous rectangular resistance levels.
In my desicion Elliot "C" wave correction i think it's not over yet. I would expect a length close to "A" wave.
Volume doesn't give a reversal signal yet to me.
Finally, I usually expect Fibonacci retracements to end between 0.786 and 1.618 points. Last time we turned back from 1.618 retracement point.
* None of what i write here is not an invesment advice. Please do your own research before investing in any digital asset.