Bounce BTC Retracement to 0.382 - More to go? Or stop?

Bitcoin has retraced part of the big drop we suffered however only to the 0.382. This could mean a stop in its direction and continue down or it could go up higher. Too early to say at the moment on the 4 hour, appears to be in a no trade zone.

We suggest waiting to see if it breaks above this fibonacci zone as these usually hold the strongest in forms of resistance or support.