- Before the drop, we can see a huge rising wedge and a bearish divergence.
- Now, are seeing the opposite, falling wedge with bullish divergence.
- If this plays out, we may see another retest around 39-40k.
- However, if it doesn't we might break the strong support around 30k.
- We can also interpret the current price action now as a bear flag.
- The key is to wait before placing trade.