Not familiar with the mentioned Michael, but whoever he is, his speculations can only be that - speculations. No one can predict any flow direction on the market these days. Patience is key. Hoping for the best.
That is right. The price is $68xx now, so there will not be bull?
It depends. If we don't go below 6700 and bounce back of it there's a chance for a continuation. For now this still looks bullish on the 1h chart. We could easily hit 7400 next week. This correction was too flimsy for now, the potential was for a much higher move, but the fact that it was weak is also a little positive because it shows that not many people are willing to trade. The volume is not there. I guess we'll need some news to move.