This could end up as an model 1 if BTC can get one more deviation of the low and close the daily candle above the red line. It's also possible that the low is in already. In that case i would look for an model 2, but to tell that the range has to develop more. There is a cance that BTC is already distributing to make a new low, so i would look out for what happenes when we take out yesterdays high.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.