Bitcoin $BTCUSD Wave C to Potential Flat ABC back to 30k

Bitcoin hit a low of 30261 yesterday, just shy of the 30000 goal I was looking for, but within the red target area I marked. It retraced to the 0.5 fib and looks like its going back down. This is expected as a correction wave, and I believe this is wave 2 of a larger degree wave structure, requires an ABC structure and this new push downward would be wave C.

There are a couple of scenarios, well.... 3 really. This could be a flat ABC, which means this next leg down will also hold within the first red target box, after which we will see a new impulse series begin up. The second scenario is that we end up with a standard ABC where C goes below A at which point we would probably see the 2nd red target box. The third scenario, and less likely since we only hit the 0.5 fib on wave B, is a triangle formation, but again, the structure isnt set up right for that. There is a fourth scenario, and that is where we get a double or even a tripple ABC, often refered to as a WXY or a WXYXZ. This would turn Wave 2 into a complex correction wave and it becomes exceedingly difficult to count the waves. Remember that if Wave 2 becomes a complex wave, Wave 4 will be a simple wave.

Anyway, we are still in a bullish formation, just in a correction wave.

Disclaimer: Dont follow the advice of random people on the internet. This is a hobby of mine. I do actively trade crypto, but I am by no means an expert.