BTC: $8000 Support or Golden pocket .. which one will it be ...

BTC has already retraced 50% from
the high reached on 5 May.
A bearish flag is busy to form
inside the bullish descending wedge
which makes me believe that BTC will
drop to the $8000 support where-after it
will bounces back.
Should the $8000 fail as a support it will
retraces to the golden pocket
($7800 / 00.618 Fib level) before it bounces
back to start leg 3.

No financial advice
Educational purposes only