one thing we clearly forgot is as Haeijin Says " hurry up and wait syndrome". The 5 impulse waves up took almost a month and so correction must be equal or more to that time frame. it's another mistake that we made to assume correction was over but oh well we learn from our mistakes, next time keeping " time -factor" in prospective will help ease the pressure. Anyhow despite of Haejin labelling this correction as ABCDE i think we can also view it as a ABC correction shown below and C wave to end somewhere around $7050-$7190
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That's what I'm seeing too. Just a deeper retracement. Hopefully, BTC bounces off the lower trend line.
