Where is Bitcoin right now?

I have two primary scenarios for the short term: one bullish and one bearish. Bitcoin has been forming a big ascending wedge for more than a week. It’s whether breaking the form (bearish) or maintaining the form for few more days (bullish).
My bullish scenario has been mentioned several times at my previous posts, which is that we will have one or few more pumps left that will reach up to $9.200~$9,350, then some correction.
My bearish scenario, which I am putting a bit of more weight on, is that we will break the wedge soon, meaning that we go into correction which I believe would be considered as big wave 4, around $8,000~$8,400. After wave 4, my wave 5 target stands anywhere around $9,350~$10,400. Target would of course be more narrowed as more sub-waves get validated in the future.

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