Beside all the divergences found on indicators, the longs reaching almost ATH , and heavily decreasing shorts I see two potential that may play out.
The first idea is a , after reaching the green , there's a possibility of creating a third wave C of a bigger correction.
The second idea posted below would be a pattern. I believe this version is more likely due to the massive signs.
I also believe that a pump to 4.5k is still possible. Yet my outlook remains .
Not changing first target of 3.5k area though, as market is extremely bearish. I think after reaching the first target we can expect a first small correction before btc will fall further.