From the monthly chart, BTC just hit 1,618% FIB of the month of November 2022.
I think March will be higher than February which would establish the blue wave a.
After the corrective blue wave b, the blue wave c should follow, which then marks either the black wave (B) or the red 4.
But in general, I think that if BTC does not surpass 32933 but stays below that level, it is likely to drop back to 16530.35 at least.
And if it breaks below 15460 it would confirm the red wave (5) or black (C) which would target 13804.81 and eventually 10779.63
I think March will be higher than February which would establish the blue wave a.
After the corrective blue wave b, the blue wave c should follow, which then marks either the black wave (B) or the red 4.
But in general, I think that if BTC does not surpass 32933 but stays below that level, it is likely to drop back to 16530.35 at least.
And if it breaks below 15460 it would confirm the red wave (5) or black (C) which would target 13804.81 and eventually 10779.63