Past few weeks have not been to bright for BTC-hodlers. However, it is important to point out that these corrections are more than normal in a bull cycle. Especially in a super-cycle should you be a supporter of that theory.
42k is definitely the most important level to hold in order for us to remain in a bullish market structure setup. Should we fail to hold this then our next support level should be around 38k which coincides with the golden pocket of the Fibonacci expansion.