Watching for 63-64K area with vital level of 53K

Greetings everybody,

Although upward action stands gradual (which is good for our longer-term trading plan), we do not see any reasons to change scenario by far, as BTC keeps all upside patterns valid. Thus, we still keep an eye on 63-64K target with 53K level in mind as the vital one. Downside drop below 53K means that 2nd downside leg starts earlier than we suggested. But currently - everything stands in order.

The pattern that I've drawn as AB=CD you could also represent as H&S from our previous update. They are in fact the same, its just a question of representation.