Anyway, in the short term, I'm looking for a dip. But ideally it would be a short term consolidation before one leg higher, to form an impulse. Bigger picture, I'm still looking for a push into the lower $7,000s but I think it's really unlikely bears get new lows. Scribble of one possible path on the road to $10,000+:
Price is following the expected course:
Price action from the $6,600s forms a clean impulse. That's good news because it suggests it was a Wave A or Wave 1, meaning there is probably more upside to come after this pullback. We should be prepared for continued dipping into the mid-$7,000s. There's a nice gap there that needs to be filled.