Main scenario -Anticipate a drop to 37k, making a 535 zig-zag pattern. -Previous wave from 49K-38.5K can be an impulse. -Suppose BTC is wave 4-ing, if the first wave within wave 4 is an impulse, it substantially raises the possibility of breaking the previous bottom. (aka. 5-3-5 zigzag).
Sub scenario -If BTC penetrates below 37K, it raises the possibility of dropping to a minimum of 26K.