Heres my thoughts...
Bitcoin has had an expected bounce from a powerful confluence of 3 things.
1: The longterm trend line, in dark orange, that goes back to 2015!
2: The Golden Fibonacci Pocket of 61.8 (See blue rectangle box with yellow borders)
3: The mid term channel edge BTC seems to be in right now.
This is encouraging.
If Bitcoin can hold the yellow...
Everyone has been looking at the monthly bearish wedge...
But lets zoom out.....
Now, this bearish wedge could actually be, not a wedge at all, but instead a Bull flag!
This is much easier to see on the yearly chart..