BTC Macro Wedge Biopsy

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Macro descending wedge made up of a series of micro rising wedges, which account the bleed-offs we continue to see in the price action. Next stop if we distribute from our current channel is in the vicinity of 13.7K (1.618% Fibonacci retracement), which I am expecting. This may (or may not) come before a FOMO bull trap reaching into 17.5-18K area with full mitigation around at the 21K supply block. This sort of markup would be freakish, however, as abnormal demand would suddenly have to surge in a market saturated with FUD. The descending macro wedge's apex occurs sometime in March 2023 in the 10K range and is a bullish reversal pattern obviously. Could this confluence be the area of long-awaited reversal? Or simply more consolidation? Or a fake-break to the south? Or the creation of a mighty springtime countertrend? We'll find out soon enough!

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