Current wave can still extend up until ~ $80k. Yet the important nuance stays "UP UNTIL". Current relief wave structure isn't broken yet. But losing that gray area here will quickly show the height of the rally is likely over for now. Remember: The higher this relief rally goes, the more likely the bottom is effectively in (low odds in my opinion but not impossible). Meaning if Bitcoin still resumes and breaks above ~ $80k I will realistically open the scenario that the next pullback in Bitcoin will be a higher low (change of trend). If I had to make a guess that would be around ~$70k. Still don't think it's likely given where we currently are but no bias should be arrogant enough to say it couldn't when the evidence would present itself.