Is Bitcoin finally starting correction?

Here is my Bitmex(xbtusd) wave countings and targets. This whole up-going wave can be either interpreted as a wave cycle (Wave 1) or sub-wave 3 of wave 1. Personally I think we are done with sub-wave 3 and we are now in sub-wave 4. Therefore, I have set my target less conservatively.
Detailed explanations are in the chart above.

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Here is my short-term analysis