Bitcoin 8Hr Chart - Pullback?

Hey Traders,

Bitcoin is in this Large rising Wedge. 68% chance it broke to the downside.
It clears the $58k support abd goes straight to $51k area.

Alot of time on this bullish market it breaks higher and it didn't continue to rise above $64k, instead it pullback 21%

The measured move of this Downside is potentially down to $43.700

Whats really common after a breakout is price action will go revisit the breakout confirmation line...

IF you get a move back to the $58k Level and the price action is NOT able to break back above the $59 - $60k it will basically confirms the Break to the Downside.

Don't let emotions take control and don't get lured into the hype.

Thanks for considering my analysis and market perspective.
i hope you find it helpful. Lets Trade