BTC - Must break out the top of the red channel at 54k

BTC - The yellow dashed line is the target BTC is aiming for .
BTC Must break out the top of the red channel at 54k.
if unable to close above it, BTC will retrace lower down the red channel and retry the move again .

Comment:

What do i think ? Id expect another retest of the lows at least to 45/46k before BTC moves out of the white channel