we have this scenario for bitcoin, so we already have a breakout at the top and a breakout to the bottom, in this case we expect the following scenarios:
1, Btc after liquidating the leveraged buys return to the consolidation zone above 42 - 44k and stay another couple of days there at this point.
2, Btc continues the downward movement to reach 32k where we will have a balanced movement and we can start a new fully solid movement before halving.