Ascending Channel in Correction

Hi everyone. today we are looking BTCUSDT, the price made an impulse to the downside and now correcting. it broke LTF resistance and now might come back for a retest which i will not enter the trade because of its formation.
if you notice there's also a small bearish impulse within the correction and now it's correcting forming an ascending channel.

and if there's a break below the channel, we might see the next bearish move ONLY if there's a breakout below that channel.
this is the reason am not entering the trade on retest of previous support now resistance

if you notice there's also a small bearish impulse within the correction and now it's correcting forming an ascending channel.
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