All my opinion.
If a bull flag is to play out here, the price action must continue trading inside the parallel channel. Price has already retraced 33% from the top forming the flag, but it may retrace as much as 50%. If price is rejected next time it tests the top of the channel, then a drop to the 50% Fibonacci retracement is possible. If price breaks below the 50%, then watch the 20 SMA on the weekly as support around 18-20k.
If a bull flag is to play out here, the price action must continue trading inside the parallel channel. Price has already retraced 33% from the top forming the flag, but it may retrace as much as 50%. If price is rejected next time it tests the top of the channel, then a drop to the 50% Fibonacci retracement is possible. If price breaks below the 50%, then watch the 20 SMA on the weekly as support around 18-20k.