When placing the Fibonacci model we see that BTC is currently flirting with the golden ratio. Previously, as soon as we get closer to the 78% mark we see strong support. Therefore, the current scenario makes more sense now in that we should get ready for a pull back to 7450 USD before we bounce back up again.
All in all, there is no reason to feel down or in despair. BTC is getting ready to run. Remember, DYOR.