BTC Below 6K: Where is the bottom then?

BTC failed to hold above 6K. The lower high series continues, which makes a net channel down. If so, then where is the settlement price?

I am looking for:

Price adjustment between two successive ATHs i.e. Fibonacci level 0.886.
Equal-height method also projects back to the price predicted by #1 Fib level.
2017 highs as future support for mid-term.

The chart below annotates, the supports in red while the resistance in blue.

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