This is a clear view of bitcoin for pump up to red zone or dump up to The bottom of major channel .
The price is being decided in the yellow zone so if price closed above this level and also break the midline of the major channel , price will pull up to red zone with the help of Liquidity that marked by" $$ " (also bullish harmonic pattern show this potential)
In second scenario , it was just a pull back to the blue trend line , so price will drop up to The bottom of major channel .
If price close below yellow zone in this time frame cause of ingulfing the green shadow , Sellers win over buyers and price will drop after that !!
You can wait for breaking minor trend line below the price for more confidence !
* NFA - DYOR - IMO
The price is being decided in the yellow zone so if price closed above this level and also break the midline of the major channel , price will pull up to red zone with the help of Liquidity that marked by" $$ " (also bullish harmonic pattern show this potential)
In second scenario , it was just a pull back to the blue trend line , so price will drop up to The bottom of major channel .
If price close below yellow zone in this time frame cause of ingulfing the green shadow , Sellers win over buyers and price will drop after that !!
You can wait for breaking minor trend line below the price for more confidence !
* NFA - DYOR - IMO