Potentially bitcoin is in Wyckoff distribution and also in a bear flag. The 1.618 fib from 28.8k to 69k is shown, which is where I would hope a strong bounce would come and continue to fill out Wyckoff accumulation on the daily time frame. Price is trying to hold the 200 EMA and may drop it and find support on the 800 EMA then bounce and potentially create a UTAD in Wyckoff distribution. But it is not needed in Wyckoff and could create a new low that fails to break above the BC high and start dumping from the LPSY. But we will see.
