Hello Traders. There are two possibilities for bitcoin from my perspective.
1.- Price must meet corrective Sub Wave C as part of Wave Z. A complex triple combination correction
2.- Wave Z has already been fulfilled with a Zig-Zag. We are now in new Wave 1 to search for new historical highs (There was a channel break)
3.- Formation of a Bearish Bat Harmonic Pattern
In this analysis I decide on option 1. If I am wrong, it is part of trading to make a mistake and we will ride the new bullish wave.
I wish you have an excellent trade.
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