big bear attack on btc. Can 1 week 100ma &/or 50 ma hold support

After a big dump by btc price action has now fallen down to the 100ma which is current support. Just below that we have the weekly 50ma(in orange) it is more or less currently double reinforced by the fibonacci 7.2k golden retracement zone. Let's remember that when we retested this zone before the last big bull surge we didn't actually make it down to the exact golden retracement level before we rebounded so price action may very well be just trying to do that this time around. If the 1week 100ma(in blue) can maintain support we should anticipate the 50 week ma to continue rising upward here in the coming weeks and hopefully add to that support. For now though more downside even well below both of those MAs is still very much in the cards so it's important to wait for confirmation.