BTC pull back

I know everyone is excited about the ETF (futures) approval in the US and the ETF in Europe. However, the market structure started to look overheated short term. The first target was reached (1k short to 64k), and we have now completed the 5 waves of the first new impulsive wave of the intermediate trend. I expect a quick zig-zag correction where bears will be fully trapped, calling for nonsense such as double top etc. Every short term stochastic rsi (1d, 12h, 4h) is overbought, which is a warning sign. A bearish divergence has formed in the 4h timeframe, typical of the end of wave 5, which suggest price is increasing, but momentum is tapering off. I am waiting for confirmation, such as a bearish candle pattern or trend breakout. I expect BTC to retrace down to 53k in the next week/10 days, to then shoot up and reach my 74k target by the first week of November. Just remember to wait for confirmations. BTC is trading in the primary trend EW channel, and it's flirting with the top of the channel. Right now, we have a few local fake-out at 62k, which means there is resistance holding BTC back. This is going to be an excellent opportunity to buy back at lower prices. This is only short term. We are on track for a new ATH in the long term, so sit tight and relax. I won't risk any short position if you don't want to get trapped. This is just a warning shout, a retracement is in the cards, just be prepared for it.
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