Bitcoin Short Term Analysis (H1)

In the short term, I´m considering that the move up from Jan 10th was impulsive, and we´re now in a RED A-B-C correction.

I have two strategies to go long:

1. Wait for price to test 41k (100% Red A-B-C- extension), which gives me more confidence that the correction may be over, and then wait for a breakout of the blue correction channel.

2. If Blue 61.8% pullback holds (at 41.5k), and the channel is broken and retested, the the correction could also be over.

First target is the resistance at 45500-46000.