The recent action pretty much confirmed these EW's. The large spike upwards could definately be the wave C of the smaller ABC, which means it ended as wave 2. (It's also a possibility that the spike was wave A, so 1 higher top could follow. Anyway, that doesnt make it less bearish.
I think that BTC will be going towards 1510-1530 yuan, before igniting larger cycle 3 to 1440. The downwards movement will end after the first bottom below 1440 (roughly expecting 1380 ~ 1410).
A upwards retrace to around 1440 will come after this.
Looks like point C extended more, topping before the last high at 1575~. this could mean the start of the waves down is happening right now