Bitcoin - Breakdown coming

We are one month into this price range without any resolve.

Rectangles typically break upwards. We did have a breakout but ended in a false break.

Now a pre-breakout structure is forming with price moving steadily towards bottom of the rectangle.

IMO breakdown is coming within the next few days.

Kommentar:

Now to see if the breakout holds.

Kommentar:

Corrective wave ABC looks completed. Last chance to short IMO.

Kommentar:

Daily Chart rejection.

Kommentar:

Wave 3 / C is action.

Give price another 2-3 weeks before a swing low (wave 5:3 or 5:C) is formed. Likely around 24-25k region.

Kommentar:

We should be in Wave 4 now. No change to target. Invalidation above 28.6k.