1: it's a clear ABC correction, and C extended to 1.618 to the length of wave A. 2: Wave C ends in the Golden pocket of the macro wave 3 that started from 9.8K and ended at 64K.
Buy Tomo with the current price, Stop-loss under the diagonal support line.
Bitcoin is facing many horizontal and diagonal resistance here
I think Right Shoulder 1 is forming now, a failure to go above the blue line and stay above it will destroy this scenario.
I expect a drop soon to the blue line.
I think the following scenario is going to happen in the following 2-3 weeks, btc dominance is going to 62-63 levels in the coming 2-3 weeks, that means a brief Alt market breath.
RSI is showing divergence, I expect a small trend reversal toward 3200 at least.
Here is the next Bitcoin support line, the neckline of the inverted Head and Shoulders.