We could see something like this play out, form a nice falling wedge to establish the bullish zig zag pattern. Completely imaginary scenario that might not work.
BTC forming a double bottom with a higher double bottom. Looks promising after the daily close.
Possible scenario if we don't get the 40-43k rally in 48 hours
Wick could go as low as 20k then back up to 28.3k
BTC is currently battling the 200 day EMA. It could make a double bottom if that is the bottom and then bounce for a full recovery.
ETH would complete the bullish gartley move and bounce from the previous local top at the same time for a possible buy in opportunity
The previous ATH is acting as support. Long term hodl FTM.