GBTC failed to make new ATH favoring B wave & further downside

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BTC made new ATH at 69, but retracemed deep favoring 5th wave completed to end cycle I with a double correction in progress favoring more downside.
In relation to BTC, we can see GBTC failed to make a new ATH calling it a B wave from the summer lows in a flat (double correction) and also favoring further downside.
Can see the blue lines were calculated targets based on the high, wave A + wave B to get target for wave C. in 3, 7 or 11 swings low.

Take a look at additional TA showing various reasons to favor more downside.
註釋
set of 5 waves with wave 3 as most powerful and impuslive while wave 5 as least powerful and most flat
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註釋
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註釋
additional pov to consider
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Wave Analysis

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