We have a descending priority here with the target at $6515 - $6600. There are two possible ways of situation development:
1. Before the dump we can visit the $6970 level to finish the ABC correction. Target will be at ±$6640.
2. Instant decline from the current points, then the regular structure of 1-5 will be changed to the "1-5 wave with the elongated 2-3". Target will be at ±$6515.
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Reversal point was reached on BTC. The first target is $6800, second is $6640.
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The price touched 0.618 Fibo but didn't break it. We're watching the market and since BTC stays below our key level of $7130 our mood remains bearish. Only confirmed breakout can change it.