Potential BTC scenario. Just broke out of a rising wedge , might retest and continue lower to 53k possible target which is the fib 0.382 level from the may crash to the ATH ; confluence with the bottom of the rising wedge . Look for bearish divergences as the prices reaches the local POC and golden pocket.
Bitcoin is forming a symmetrical triangle on the 4H. As can be seen it bounced perfectly during the dump and I might be looking for a long opportunity somewhere in the green area. If we bounce of course, if not, it may offer a opportunity to short but I'll pass that one probably.
If we break up the technical target is around 68K, if we break down the technical...