Good morning.
Same idea for $BTC, just moved in time. DCB (w2) to 22500 or 23500, then bearish continuation.
Break below 19k = 16k, which should be the local bottom.
$BTC levels
Main resistances: 22500 and 23500. Every short squeeze to these levels is a good sell opportunity.
Main support: $19k. This is the ultimate bearish confirmation for new lows.
Main target: same as always, $16k. Very likely for the coming weeks.
$BTC
Second option playing out. Any test of 23500 as resistance is a good sell opportunity.
Consolidation below 22500 (clean break + use the level as resistance) would be very bearish = 21k or lower
New lows are just a matter of time.
Still seeing a lot of early shorts, which makes me think the last leg up to 25400-25500 is even more likely now.
Once they are out, the downtrend continues.