Currently we could be in wave III .
If BTC breaks through $ 8,900, we'll see a big fall.
If the BTC does not exceed 10500, the analysis is still valid.
In both charts, we are already below the trend line. This suggests a coming crash.
BTC tested the MA 50 Daily (MA 300 4h), MA 200 4h and the declining trend line as well as the growth trend line from below. Furthermore, we can observe a descending triangle formed by a thin dashed line and a blue horizontal line (Accumulation stop loss).
Dominance BTC is in the key zone.
BTC still failed to return above the dashed trend line.
Bullish signal? We haven't created a higher high yet. But Ethereum has already created a higher high. It is therefore likely that BTC will soon create a higher high as well. Then we can talk 100% about the bull run.
Falling to 4K is so strange if a strong fundamental reason does not occur. However, I think the Bitcoin market will be bearish for at least 3-4 weeks and it will be possible to see 7K channel. Here is my last idea.