The Bigger Picture
The BTC chart above is my current primary EW count as I see it unfold, the 8100 to 7500 area seems a likely target with strong support right now, the big question then will be if this level #hodls, if not we are likely to revisit at least 6666, but that's like trying to predict the weather in two weeks, not gonna happen.
Short term I lean , but I can imagine a bounce at the above mentioned levels, if any of them #hodls and bounces, the longer term uptrend can still be considered valid, at least in my opinion (ah, yes, and this is not investment advice, you'll get #rekt if you blindly follow others ideas!).
Question to the audience: Does anybody have good examples or experience with WXYXZ corrective waves where the Z wave is truncated (a.k.a. shorter than the Y wave)? Is that a possibility or do we have to give the possibility of a Z wave that goes lower than the Y a higher probability and therefore adjust the target lower?