Bitcoin has approached the target for that first a-b-c move up of the early January low. That Red Target box is drawn at confluence of: - two Anchored Weighted Moving Averages - downward sloped red trend line, - 100%, and 138.2% ext of wave -a- up. After completion of that rally we can see another pullback in wave -ii- down to re-test the breakout resistance level 42,800 from above
there is a chance your -v- down is only -iii- here (due to the nested structure) and requires one more wave down to 35K-38K region. watching closely, if we get another drop, it's time to buy more IMO.