so bare with me here, i connected several different macro points to come up with a little grid. between august 16th and 24th it looks like we will be kind of forced into a major decision to either fight to reclaim the blue band at 40k, or we continue slowly down the downward channel until dropping quite demonically, about 50% to around 12 to 15k as the ultimate bearish scenario. at this point the first ultimate bullish scenario is getting to and closing a weekly candle above the blue band around 39.5k
on the one hand, we will still be in a macro downtrend. but on the other hand, we will be trading in the top half of the parallel channel and could see a triangle play out on the daily to squeeze us up through the top of the channel. will be spicy to say the least, but i expect the major shifts to happen in that week