Only a Pullback or a Bear Market?

Possible scenarios:

1. This ascending wave continues and it will be supported again above 20EMA. Like previous cases at (2) and (4). The daily candle must close within 46K to 48K zone.

2. This wave is ended, because we do not have a convincing trade volume. So the correction wave A can get support from 42K to 44K. It will not close below wave (1) at 42K. In this case the confidence of Bulls will be destroyed again. The possible wave B can get rejection below the previous resistance from 46K to 47K. If it cannot cross above the 48K, we expect a wave C that may find support around 37K.

3. If a candle closes below 37K, I am sorry, it was not a bullish wave, What we had as an ascending wave from 29K to 50K was a pullback for the Major descending wave from 64K to 29K. It will be considered as the official end for the bull market. Sell you positions, in that case. We will see prices around 20K.

.:NOT A FINANCIAL ADVICE:.
Trade upon your own discretion.