Theoretically, Bitcoin is almost at the end of wave 3, it is might still trying to complete some sub waves to complete the whole structure, after that we will see a bounce (wave 4) to above 5k, I'm confident that this is a relatively strong bounce because we already had a very shallow wave 2. According to EW theory, if wave 2 is shallow then 4 will be sharp, that's why I'm expecting a pretty strong bounce with volume in it.
But after that, there is still wave 5th and we're gonna have a lower low.
But after that, there is still wave 5th and we're gonna have a lower low.