After falling to $ 2,967 (labeled wave C correction of WXY complex or alternative wave 4), the price has rebounded quite dynamically towards $ 4,000 but the rebound was in three waves (a) (b) (c). Falling correction of wave B can also be labeled as a three-wave irregular correction (a) (b) (c). It would mean that the market is currently in the process of plotting the last rising wave, C. This wave should complete a higher degree WXY correction of $ 4.585. This is exactly the bottom line: breaking up above this level will mean a further BTCUSD appreciation towards new highs, and on the other hand, a bearish rebound at this level may end up with a very rapid return to downward wave C (whose target level may even be minima below $ 2,990). If the $ 4,585 level is reached, the main counter is canceled and the main count is replaced by an alternate counter.