BTCUSDT 1st Ascending or 2nd Descending wave ?Bitcoin / TetherUSBINANCE:BTCUSDTGoodMentalityAfter a complete and major 5-wave Elliot move, BTCUSDT is on a demand zone which I didn't see that much institutional order but anyway if we just consider the chart technically, BTCUSDT after absorbing liquidity on this demand zone and some consolidation due to the last drop (5th major wave), price will rise to upper side of the channel (supply zone) at about 77500-77700. But before reaching the price there, it is not obvious that if it is a 2nd wave of descending continuation or it will create the 1st wave of ascending and change of character one. Then for now the price will rise to supply zone as it experienced lower demand zone. After that, if the price rejected from upper side, it will start descending again to lower side of the channel and after a down-side break it will spike for 3rd descending Elliot wave but if the price break upper side and take the liquidity of 79300-79400 supply zone, it is likely to experience a deep correction and get ready for a ascending 3rd Elliot wave spike. As I said for now we can predict that price will likely touch the upper side of the channel. After that we will update it. Thanks for your support