Larger view of BTC two trend line reversal idea

BTC has broken its steep reversal trendline (BLUE), which was untenable.
I believe BTC is now in a correction phase of that reversal (YELLOW).
BTC needs to hold 46.3k for the short term reversal to hold up technically.
Any third wave should take BTC well above 54k . This could occur at any time if it holds 46.3.
Otherwise it could take weeks longer.