I want to talk about a strange idea that may happen in an unbelievable way. I have drawn a large channel on the weekly time frame that this coin is swinging in, we are now in the upper area of this channel, on the other hand a five-wave correction has been formed which can be seen as the completion of wave four. .
To find the possible target range of the fifth wave, I have identified a bearish flag pattern, which, of course, has also broken down.
This is a pessimistic situation and I do not believe in long-term trading in the direction of a long bitcoin position until I see something like this in the upper time.
This is just an idea and it is better to trade only based on your experience and information.