How long will this market correction will continue and where will this stop.. and where will Bitcoin stabilize
Those are all great questions but no one has the answer. The situation doesn't look good at all, especially considering the whole global situation: we're not done yet with covid, inflations gets worse and worse, and there is a war that it's not gonna end anytime soon. This is gonna be a very difficult year.
And there may be difficult years, because the correction may drag on for several years. It is better to immediately tune in to such an outcome of events and the best strategy would be "bought bitcoin and forgot" for a couple of years.
In general, I agree with you that the global situation is very complicated, constantly changing due to unpleasant surprises, and against this background it is almost impossible to make any forecasts, not to mention answers to OP's questions. There is nothing left but to observe the events and wait for the crypto winter to end.