SUMMARY
Bitcoin's (BTC) overnight price action has not yet resolved whether the smaller blue wedge pattern is complete and confirmed yet. The blue chart shows the blue bull wick as did the larger fractal to the left. The v-neck type of reversal from the bull wick is also seen in the blue fractal as well as the steep decline towards the bottom. The blue abcde also place well and the sam with the subwaves. So, the pattern is complete and the confirmation in the form of a breakout is needed. Let's see how the daytime price action plays out.
The alternate count calls for that lower low which might also have a bull wick and a v-neck turn. IF this pathway becomes actualized, then it would certainly bring the price closer to the Apex. A breakout while price is closest to the Apex often provides better sustainability in the reversal.
Regardless of which pathway is taken, both will like confirm the completion of the blue wave c in the below chart and start towards completing blue wave d and then e. It is very important that the lower white triangle line hold against any decisive breaching.
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