BTC WXYXZ Correction and Medium-term Downtrend Channel Review

After yesterday's bull trap out of the old downtrend channel (some would say breakout of the Triangle), the new short term high has created a new pivot point (support) and forces adjustment to the trend line (in this case Channel). With the correction still underway and clearly visible as Triple Three W-X-Y-XX-Z where the last leg Z is underway, we can make a projection of where is the most likely target area for the end of this correction : Which is in the Golden Zone of 0.618-0.65 Fib Tracement from the Peak of USD 41,941. About 26,000