BTC Relief Rally

BTC is making a lower low on daily so we have a chance of a relief rally by making a lower high so based on that we have 2 scenarios. We are halfway to the bear market and second half is on the line.

Scenario 1

BTC will range between $20300 to $23000 for sometime and then break out towards 25K to 28k possibly making a bear flag and goes down towards 19k-15k.

Scenario 2

BTC will simply break down from here towards 15k-19k and we will bounce back up for a relief rally towards 30k levels or higher and then we go down again.