Heavy drop possible if it drops below 7500
BTCUSD
As you can see, the heavy sell happened immediately after the btc dropped below the logarithmic support lines. But the point 5400 is crucial as it is the 0.786 fib calculated from the previous cycle high 1175 to the current cycle high 19891. Hence there could be reversal. If it didn't hold 4K is the next support.
As BTC has already putting bat patterns.. the whole thing might end up as a bat...