Bitcoin Bearish scenario (please compare it with bullish one)

Bitcoin has reached the 7K level like predicted earlier. This area is a crucial decision point for the longer term picture. Incase the 76.4% retracement breaks to the downside the bearish scenario should be preferred. However as long as we see buying interest at 61.8%-76.4% a bullish upswing at least in 3- waves is likely. (Bullish scenario is linked below)