Bitcoin failed to support 47K level that lead to retest 38K region. It creates a beautiful X wave here and get ready for a bounce. I expect a swift recovery which could develop into an impulsive wave to the upside. On the other hand, dragging sideway to the right would suggest some lower targets
on 1H looking for bottom structure before jump in. Expecting a reversal around this areas or at least a small retracement
Expecting a pullback before shooting to $75k and above $100k eventually