SUMMARY
Bitcoin (BTC) has thus far bounced quite well and has retaken the upper white trend line; though temporary vascillations will not be surprising. At the very least, it is encouraging to see. The optimal count is shown below where an impulse would continue upwards with the minor ABC correction likely complete.
The blue waves further subdivide white wave 3 and shows how the current bounce can fit into the overall count. IF this is correct, blue wave 2 would be next and yes, an abc correction of a micro degree is likely. This could what the overnight price activit could consist of.
From a pattern perspective at a higher degree of trend, the below depicts a potential ascending right triangle. The $11,800 seemed to be persistent zone of resistance and the blue horizontal line reflects this. The white arrow provides how price usually moves within an ascending right triangle to achieve a breakout.
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