Short term EW Count, Possibly correction to $7600 then $8700

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
If BTC breaks down from this purple wedge , we could be seeing the $7600 - $7750 as an area to look for a bottom. Currently have bids in this area to add to my current $7860 position. Although $7800 is heavily guarded with hidden walls.

Looking then to complete a 5th Wave up to $8700 - $8500 to meet the Log downtrend line.
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