My current Primary count for BTC is a Sideways Double Combo Correction (WXY) for the wave 2.
Notice I put yellow Intermediate (A) and (W) next to (1). There is a possibility that BTC is actually putting in a large corrective structure.
The blue line is an anchored VWAP. I would not like to see BTC go lower than $23,300 . If it does, I'll probably move to my Secondary count which I do not show here.
I'm a CEWA level 1 Elliottician.