There are three scenarios in my opinion.
Blue - a fairly rapid fall to the levels of $ 27200-20200.
Red - a long correction in the form of a triangle without a breakdown of the 29300 level, then to a new top.
Green - optimistic, go straight for a new highs.
A breakdown of the 20k level will cancel new Bitcoin records for a couple years.
Yes, we in third wave. Third wave is a big and fast move, but stay calm and look to volumes. Big red (some times even green) candle with large volume (se in history, all turn candles have 2-3-4 times more volume then average, day candles), means turn to correction.
No bitcoin mania with prices from 100k to 600k$, trade it calm ) 30-40k that's the targets for this year.