BItcoin is in moment correction before continue going up

I think Bitcoin will be a bullish moment to create Primary wave C from Cycle B. Intermediate wave (1) was completed yesterday at the price of 58736.95 and today May 08, Bitcoin will move downward correction completing the ABC of the intermediate wave (2) which possibly ends at the level of 55151.37-53777.99. After that, Bitcoin has the potential to reverse direction. The invalidation level is at 52916.69