This is only a personal opinion, I am not a financial advisor. I believe Elliot wave downtrend could potentially form a fifth wave if Bitcoin movement is bearish in the next few hours, otherwise, it would be nice to see it breaking the channel and moving upwards to 63K.
With Cardano has its mainnet scheduled for Sep 12th, we might see high volume and buy pressure that could form a bullish rectangle in the coming weeks with a breakout to the range of 3.50 to 3.70.
