We are still showing signs of a deeper correction with btc. That is simply because we are forming lower highs and lows. If we brake below yellow support line we could very possibly fall into yellow price territory. If we don't reverse from there, prices in a orange range could be reached, from where we will bounce upwards.
We could, though very unlikely go upward from where we are now to a green territory and then do a correction but very unlikely.
I am not a financial advisor so don't buy anything a say. Wish you all safe investment.