Where the fuck is bottom? Bitcoin please!!

Bears are too strong. I previously targeted $7,800~$7,900. It did bounce but bears got it under control again. I am right now targeting $7,541~$7,661 where it has the confluence correlations. This region or wave 5 was derived by extending wave 1 to 1.618 since wave 3 fell right into 1 to 1 extension of wave 1. Also, I extended the length of wave 123 (start of wave 1 and end of wave 3) to 0.618 for wave 5. Moreover, it also coincides with the trendline that has been formed a long time ago. Lastly, it is the 0.786 of the wave cycle structure. And 0.786 Fibonacci level has been a really popular bounce point for Bitcoin historically.