BTC has completed wave 1 and needs a technical correction to the 30k-31k zone to complete the long-term wave 2 and accumulate before the strong rally of the long-term wave 3.
The XABCD price pattern has officially formed on the daily candlestick of BTC. In the next 2 weeks from this point, it will officially complete the pattern when it falls to the 43k-44k support area (fibo 0.382).
It is expected that the first recovery phase of wave 2 will start at the 43k-44k price range and return to the 51k-53k price zone before continuing to decline sharply.
the 39k zone is a small support and there is no guarantee of return at this support area.
I expect wave 3 peak at 3.618 fibonancci threshold, but at Fibo 1.0 btc, it is necessary to create a small correction to create a support zone for the future.