Both still valid but a lot more unlikely now. I am thinking it is the second count with red b being done now (the subcount of b is different than anticipated in the picture).
Confidence, if BTC drops hard now, target 8k. Could also develop into a triangle (still part of yellow wave 4).
I will likely update tomorrow.
Thanks and last nights drop confirms that. Your target makes sense, especially as it now looks that a double top is in the making
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