Today's pump and dump is typical wave X behavior. So I think it is still part of yellow wave 4.

We need to keep a close eye on 8190$ though. If my count is correct, this level will not be breached. If it does get breached though, take that as a hint that we might be headed for a bigger correction (approx. 5800).

Right now that seems unlikely but this sharp drop is surely not what I want to see now.

While writing this post, BTC dropped another 100$...

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