Big Break Possible in BTCBTC has traded off the 1.27 of the current topping swing and held a retest of the previous structure.
I find these are things commonly seen in a prelude to a 1.61 break. Clean breaks of 1.61s are rare but many of the times they do happen the pullback comes from the 1.27 - this sort of "Loads up" the momentum for the break.
Not all 1.27 bounces produce clean 1.61 breaks, but if this one did - would be a bad implied result for BTC.
Would imply a dump to 45K. Rally from there, but this ending up as just a retest of this level.
A follow through leg ultimately taking out the 2022 lows, eventually.