BTC retracement levels

88
We have broken out of a downtrend however I think BTC might see a bit of a pullback early in the week.
Observing a bearish div. And looking at a break inthe RSI uptrend.
There is a liquidity Zone between 114.7K - 115.7K which would also coincide with the 618 fib.
I think that one lf two paths is likely to play out:
1) a bounce off the 0.5 fib and said downtrend.
2) a bounce off the 618 fib which would bring back underneath the downtrend before eventually moving up again to the 120K region.
I think option 2 is more likely as there is liquidity here to grab and would also fake-out the bulls.
Both options are expected to happen approximately by Wednesday.
Once we get to the 120K zone I think this will send BTC into a parabolic run into end of the Q4.

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