Short / Mid term - A path filled with resistance

Chart depicts the three most probable outcomes IMO.

Potentially multiple attempts to break $42,000, similar with 0.5 Fib level.

Structures suggest long-term holds still valid. Should we break to the downside from this pennant, a re-test of local low: $30,000 becomes probable.

Yorum:

Ideally, $30,000 - $42,000 holds until new BMSB is printed on Sunday.

Expect multiple attempts to break 20W SMA.