2020 has been a good year for BTC, as it broke above the all time high. The 2021 is going to be a price discovery year. Using time cycles we can expect BTC to print some good numbers after getting overbought.
For a clear view just look at the arrows pointing the direction with the trend lines Heavy check mark
After hitting the green barrier price bounced and traveled with the trend line, Currently it hit the red barrier above and got rejected.
This is simply a bearish gartley pattern. Based on the picture below, price movements will help you to identify a higher probability selling opportunity.
Also as mentioned in the wave AB, the bullish consolidation gets retested again