BTCUSD Technical Analysis

Bearish inverted flagpole pattern could be derived.
Usually for flagpole pattern, it touches the bottom and top trend line of the flag channel five times, forming ABC corrective waves.
Then it breaks either bottom or top of the channel.
How far it will go? I targeted 100% fib extension of the wave 1 for wave 3.
For wave 5, I targeted 61.8% fib level of the whole wave cycle, that has started from the early February.
Worst case, wave 5 might reach down til the 162% fib extension of the wave 1.