BTC - Expanded flat still valid

In mid-March I posted my primary count for Bitcoin, which is bearish, considering that we are in an expanded flat which would take us down to the 15k level or lower.

We even have a classic false breakout above massive 29k resistance, to catch some late FOMOers.

So what´s next?

First of all, remember that Elliott Waves are not magic predictions, and they must be confirmed with price action. The current selloff could very well be just a correction, and we´d soon take off.

My strategy is always to take things one step at a time, without wild clickbait predictions. I expect a test of minor 27k support very soon, and possibly a pullback to the upside (probably testing 29k again).

Overall, I do believe we will see price going down to at least 25k, which is our first major support.