BTC idea : Another idea for BTC could be that we are created a pattern of a rising wedge on the weekly TF . Rising wedges usually breakdown to the downside . Moreover , if it plays out like this we could be having another bounce retesting the previous ATH and then breakdown . But as mentioned before market is variable and changes . So we could just be falling from here further to the downside without going higher . Which in my opinion , I would be expecting another pump before finally crashing the market , as whales could be looking for more liquidity or placing more shorts .
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Another thing to point out is that we could be revisiting the lows before making another push back up to the top of the channel .