The first impulse wave is completed, $46K

Bitcoin has completed the first wave at 43.000 after that, BTC's dropped to 39.800 which price is wave a in the correction wave abc.

That range is suit to open long/short order in lower timeframes.

Besides, BTC's the invalidation level below 39.000. Caution it!!!

Target of third wave at 46.000

Wait for a confirmation after wave b's completed.

Wait and see