BTC/USD Short-term Bullish Bounce

From tickmill.com

Type: Bullish Bounce Key Levels: Resistance: 53675.03 Pivot: 47385.9 Support: 44903.88 Preferred Case: We can expect price to bounce from pivot level in line with 38.2% Fibonacci retracement towards 1st Resistance in line with 161.8% Fibonacci projection and 61.8% Fibonacci retracement. Alternative Scenario: Alternatively, price could push further down from pivot level to 1st Support in line with 78.6% Fibonacci retracement.