BTC 4H - BEAR Case - BTC 'DO NOT CROSS THE RED LINE'

We could get a normal wave 5 where BTC could go out of the CHANNEL and stay above the RED LINE 'DO NOT CROSS'.

In that case the macro IMPULSE WAVE STRUCTURE 12345 would be intact and we could expect fireworks to the upside BUT if we cross the line then this could turn UGLY.

UGLY because we could go much lower than that as this would mean that the wave 5 is extending.

Wave 3 did not extent so it increases the likelihood for the wave 5 to extend...