There are two scenarios for this Bitcoin correction - this one is the more bullish, looking for support at the top of this channel (plotted on a linear axis) around $6400, which lines up with 50% fib extension support
Comment:
This is the more bearish scenario:
Trade active:
Long entry target reached at $6425 - 50% fib support and trendline support
Comment:
Getting a little bounce here, let's see if it holds: