After creating a new structure low, BTC has been in a consolidation phase with a bullish Gartley in the midst of it all. We are not in a bullish rotation yet as the previous outside return has not be violated.
BTC price could oscillate within the wedge (white arrows) or could break out of the wedge and form a potential channel (light blue dotted lines) If BTC breaks out of wedge and reaches top of the blue dotted lines, I will look for double top entry on the lower time frame to enter as the R:R is very good, even if target is just the bottom blue dotted line. Stop loss would be a close above the previous outside return ($4526). Automatic SL trigger would be 1ATR above the $4526.
Bigger picture view (1D), $3000 offers a attractive support for BTC. BTC currently trading between previous congestion zone, looking left.
Couple of scenario to look at.
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