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The bubble burst and blows from 5.5 to 0.5. However, we saw the potential of :)

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In this stage main target and strong resistance at 4700.

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Some retrace from resistance 0.265 expected.

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Opportunity re-enter rally at retrace wave. Strong resistance at fib 0.764 and sliding resistance line confluence (in 0.265 area).

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...and/or in 230...220 area. Target 320+

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Deep falls to fib 0.854 confirms this. It looks like the price may stop at support 335. Then, it's likely to start a slow recovery - just like BTC once.

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If bottom at 4100+, then targets are 4360 and 4500. (Support in 4130 area.) If lower, then after the rebound price could fall to zone _3900.

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Need to overcome resistance at 4300 and 4400. Targeting to strong resistance at 4500 (fib 0.764 retrace from 2970 low).

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Stop 0.46, but better use 0.5.

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...or _3400. Retrace from top_4000 completes 1-2-3-4-5 pattern, down to psychologically important value _3500. Bottom appears close to the fib 0,618 retrace level _3400.

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And that's not the end. After the some retrace, of course.

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Wave 3rd drops too deep and that's why it's not the pattern ABC but 1-2-3. Likely, wave 4 is now formed (top below 3900) and wave 5 must be expected as wave 1. Targeting to 2700 area.

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Stronger support zone is in 3000 area. Above _3900 - temporary move up to 4100 area.

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Need to overcome strong resistance at 4400 for new highs. While price below 4400, targeting to 3500 area.

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Elliott wave pattern 1-2-3-4-5 completed. Below 4500: new lows expected, targeting to 4100

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The price is approaching the support zone, plus the simple abc Elliott pattern of correction will be completed.

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It's hard to say exactly where the turning point will be. But we are close to it. Bullish behavior only above 655. Below 655 - bearish bounce.

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Likely, the upward potential of the movement is not yet exhausted.