On Tuesday, 4 October 2022, Bitcoin managed to make a higher high and by doing that it met minimum requirement for subwave c up of wave (y) of (ii) up. That corrective structure is shaped as the Double Three structure. Note that the rally stopped right at 50% retracement of the preceding decline labelled wave (i) down.

AS long as a corrective pullback has a clean corrective a-b-c micro structure or a complex combination of several a-b-c structures, and that corrective move holds under the 50% retracement, we can consider that pullback a high probability short setup.
Bears have an active short (i) down, (ii) up trading setup for a move down:
- Target 1 : 16,900
- Target 2: 15,840
- Target 3: 14,000
To trigger that short setup bears need to break under an immediate micro support 19,813.
Below you can see a Daily chart showing a bigger picture:

Read the Macro Update explaining a macro wave count of Bitcoin.