The first officially validated impulsive wave is now about to get corrected a bit. The 5th wave reached up to 2.618 fib extension level of the 1st wave which is a pretty bullish signal. For right now, it has bounced on 0.238 level. People who has missed their bus waiting for $4,000~5,000 can consider their entry position at this correction. Personally, I don't think it will retrace more than 0.328~0.618 level, but bitcoin has preference of touching the trendline that is now acting as a hard support once again after it breaks out. My entry (long) position would be around at $7,717, $7,486, and $7,254.