We just established two new important prices: 7500 is now support, 8500 is strong resistance. Expect BTC to move between those levels in the next few days. First we will be going down along the upper of the which we will eventually break up at around 7500 to then rally back towards 8500 where we will once again be rejected. Expect some noisy sidewards trading after that until we then break down to 7200, then 6500 and eventually set up to re-test 6000 levels - which is also the target of the big you see in the chart.
There will be some excellent long and short opportunities along the way which I will continuously point out. Be careful: This no longer a set and forget let alone HODL setup! Don't just open shorts or longs and wait it out. You will have to work hard for it. If in doubt, short the tops or stay sidelined.