BTC short term Bearish

considering we had a wave failure...

we assume we are completed the Wave A of ABC correction.with recent swin high -9217.5 and swing low-6404.5

With wave A we can assume a dead cat bounce of .236-.38 fib retracemnt.
However we have already above .236 fib , Based on the fact that we are yet to complete wave B with 3 waves up,The possible target is .38 ..i.e 7479


Wave B targets
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Based on how deep we retrace on sub wave b of wave B
if it retraces up to .5 fib -6765.1 the target can be 7353(.78 fib)-7515(1 fib)
if it retraces up to .61 fib -6679.1 the target can be 7273(.78 fib)-7435(1 fib)

Wave C targets
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Based on wave B retracement we can predict Wave c .
our assumptions

if it retraces up to .38 fib -7479 the target can be 5262(.78 fib)-4660(1 fib)


Not a financial advice