Still, short term long

Nothing changed since my last analysis. IP2 has nearly formed. Upward target from here is minimum at 50% Fib. Further up at 61.8%.
This pattern will become invalid if BTC fall below $7,700 or 0% of the retracement.

I identified a very tight cluster formed of X/A/A1 extension and X1/A1 retracement. This indicate strong resistance on both levels.
For those interested, P/L in this case is at 3:1.