BTC on crossroads

Hey everybody,

While we keep bearish context on daily chart still,

since market was able to hold inside the channel - our bearish scenario was not realized. As result market has followed to bullish MACD divergence and completed 1.618 AB-CD inside the channel.
Now price stands very close to 6900 Fib resistance area. Also we have larger AB=CD pattern with 7100$ target.

Today we expect some technical pullback from 6800-6900 area, just because of resistance stands here.

Next week, breaking up the previous top will lead market to 7100 target, where potentially we could get large "222" Sell pattern.
If market will not be able to break recent top at all - we could get butterfly and downside action will start right from current point. So let's watch for pullback and see, whether it will turn to reversal or not.