worst case scenario for BTC

in the correction phase, one of the places that are reliable to have a look at is the BTC CME market. in the correction phase usually, BTC price actions fill the gap, I do not believe that we will go below the previous all-time high as the cycle is not finished yet.
Worst case scenario is 23750 even though we have the same support at the spot market.
then meaningful retracement is the least expectation after the correction.