[UPDATE] Bitcoin (BTC)
The MACD is still showing a lower, newer record low at -848. IF the lower low happens, then MACD could reach -1,000 or a bit lower. The oversold nature is quite extreme and the rubber band can only stretch so much.
The markets moves like crocodile teeth, it has a volatile nature.
So keep in mind, this correction too shall pass. After a new low comes a new higher high.
Just in case BTC falls more, we placed buy-orders around 7K. As always, keep mind that experts think that Bitcoin will go as high as 30K this year. Clif High even thinks that BTC will go to 64K.