I am currently working on the preferred scenarios 1: "BTC/EUR - "Bull Flag" - small pause in the market trend?", see link to related ideas.
We should not underestimate the second pessimistic scenario in which the price continues to descend down to lower levels, this is a possible scenario, and we must be prepared for it as well. Breakthrough on the lower trend line of "BULL FLAG" and unsuccessful support test at 68.2% Fibo Level could result in a much deeper correction Then we will probably see a 50% and 38.2% Fibo Level test.
This is a possible scenario and we must be prepared for it as well.