Mid trade line can be used to see where key resistance/support can be tested.
Suspecting we are following a third leg up in a wave.
Creating a fifth ascending and possibly creating a first larger ascending wave.
We could see the fifth wave touch the top of the channel at $12-13k or higher before seeing a descending reversal pattern.
Should know soon if we cross below it or if it remains a support line.
Estimated EW pattern holding support
1 hour RSI and MACD seem bearish. Maybe we continue upward below the mid channel for a bit or maybe we are seeing a pivot. Pretty dramatic but still within ascending channel.
Still could be bearish as descent was steep