Let’s not panic, Bitcoin still oscillating in a channel with a gentle slope. If you followed my last analysis, you would have known that after Bitcoin was rejected by the long-term blue line (yellow circles), a downtrend wave has been started. Now it seems that another harmonic pattern , like the one at the beginning of the channel, is forming. The right leg of this harmonic pattern might take another downtrend wave; have to wait for the blue dashed line on the right leg to break for the first confirmation.

If the bottom of the channel break, then we can panic 🙂
Just kidding,
when the lowest blue line breaks, then we panic; since Bitcoin can go down as low as 30K 😐