BTC CME BITCOIN FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME:BTC1! thecryer Will do it short : - BTC retraced 38.2% Fibo on CME - BTC retraced to 50% Fibo (50,000 ish On Exchanges, not on CME ) - Nice gap to take back around 57,800-60,000 zones if we break down EMA50 ( Green EMA ) then we could see more bearish move to : - Fibo 68.2% : 47,000 - EMA100 : 43,000 support ( Orange EMA ) - EMA200 : 33,000 support ( Very strong support ) ( Red EMA ) if we retraced already next target should be : - next TP 74k+ That said this retracement is logic. everything going up have to go down to reinforce before going up again. No need to panic. i used Chicago CME ( institutional players are here ) , so don't compare BTC price, it's different from Exchanges. Happy Tr4Ding !