BTC correction imminent back to Fib 61.8 LEVEL

Idea updated.

BTC is still way overbought on the chart, similar to 2017 peak levels. A correction must happen.

Considering the bull flag that's forming, I'm now expecting continuation up to 6K level then a retrace back to 61.8 Fibonacci level, which will then bounce back to form a down trend. Many buyers present at the 3.6K price area. Possible double bottom after that but too early to say how likely is that.