If it deviates from the channel and moves inside, I think the $68–69K range would act as a strong support. From there, I expect it to turn upward again.

However, if it gets rejected from the upper boundary of the channel, I think we could see one final drop toward the $61–62K liquidity zone — even if it doesn’t turn into the 5th Elliott wave that everyone is expecting.

Maybe we’ve simply forgotten how quickly these moves can happen, but it’s important to stay cautious. The $68–69K range is the game-changing zone.

submitted by /u/dek7382 [link] [comments]

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