In the new update, due to the negative divergence in several time frames, the expectation to fall to MA50 is approximately above $54300. After falling, a quick return to the top is possible to hit the ascending channel ceiling, which is at $60000. (Currently there is an ascending trend)
According to the timeline, the ascending channel ceiling of $60000 will be seen before 22Feb, and after hitting the channel ceiling, we expect three waves to correct.
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