Short-term think the downward movement is not over yet - just weekend going on here. I do not really believe the support we have here, it's weekend, no bounce, sentiment getting more fearful and negative. Also the downward movement just started, it ain't over in 1-2 days after nice long run from the previous bottom. Once monday opens markets will weigh the information
on the way down some support might be all the way 20-20.5kish but real area where we can see some bounces is imo 19.5k... if that holds (on weekly prices) it would be beautiful double bottom once we start to gather upside momentum. Daily dips to whatever numbers below would not matter too much. But condidering the overall situation I guess it's possible we go lower and create new lower low. But I do not believe the doomsday prophets claiming straight dip to very low numbers. Maybe in a really long run if things really go south but it does not work like that we go there straight. 19.5k or so will be heavily supported imo (macro/weekly), likely to of course make little dips below then on lower time frames.