BTC possible "Sell the News" correction: ABC from 61.2 to 52.8k?

Part of my onging BTC analysis, followup to 61,256 call (click).

We may have completed a 5-wave impulse from 40k to 62.8k.
And we have a news catalyst (ETF launch) early next week.
As it was with CME Futures launch in 2017, we may top here.

I do NOT think we have hit "the top", but possibly "a top".
EW-wise and Fib-wise, we have had a clean 12345 impulse.
So we may get some form of the requisite ABC correction.

Some techinical reasons for a pullback here:
- Genesis Level at 61,256
- Impulse Core from ATH

Plotted above are 3 different Fibs, key being the Genesis Fib in thick lines.
Recently forecasted the (52.8k peak), (48k to 40k drop), and (45k last dip).
In conjunction with other local fibs, we last expected (57.9k then 61k).

.

Bình luận:

Correction Underway.

Gaining some steam going into Sunday evening

(rest of the markets will open soon).

.

Zoom IN (3 min) and we see the result of numerous rejections from Genesis fib at 61,256

The local green 3.618 is trying to hold it.
But that is a minor ratio on a minor fib,
so not expecting to hold making note of the reaction.

============================================================================================

.