This is what I think could happen
The lines are clones of each one, though they look bigger on the right side it is because of the LOG setting.
IF BTC is in the triangle and when it breaks down and using the purple line, it has a length of its opposite down to $1.9k and being the 0.786 FIB projection to the downside from the dotted line points in the image too, nice coincidence?
Now … if BTC bounces again at $3.2k which is another FIB point of the dotted projection to the downside, it could bounce back to 4.5k then it would form a bear flag, just to have its down movement to $1.3k, that is the full projection as stated by the gray 1 and it is the previous rally ATH.
So, place your bets ladies and gents, where should BTC go?