Short-term, GBTC has the most obvious downside chance here. It rallied in three waves after five down, and we saw what appears to be five down into today's close.Though we rallied very strong after the close, I still prefer downside, unless BTC breaks out over the weekend.
A look at Ether after the close, and I see some good probability that we run up to $186 to challenge the (ii) top, and maybe Circle-ii. Again, there has been a decent chance Ether resets its B wave by a move over circle-ii into the low $200's. And, after the close, this looks like it has a strong chance. But price action is not impulsive in either direction, so there is nothing easy about this action.
Bitcoin has fallen three waves into support, rallied in three waves, and then dropped in three waves into today's close. That makes for a very low probability scenario. Because my primary is that we should see downside, I am showing a diagonal. However, if we breach $11,200 with this overall context, I must be bullish, and suggest this correction is at an end. That is the pivot that suggests we are in a larger third wave. I do not believe Bitcoin is going to be kind to either side of the trade over the weekend.