In this analysis, as you can see, previous point M placed between wave 3 and 5. Therefore, I expect a little up trend for Bitcoin in the next few days. 49000-49500 would be a good target for next days. Remember, in this scenario BTC wouldn't be allowed to break wave 5. Therefore, if we see any daily closed above 50600, this scenario will be obsolete. I expect a fast and great bearish trend after seeing M point around 49000-49500. T point will be a good support area which will be around wave 2 or 377000.
