Likely, wave( _iii) targeting to 12000, strong resistance area. Wave (iv) and (v) expected.
There are several areas where the fall may end. It's hard to predict where exactly. In addition, it is likely that there will be some jumps, until the trend will turn upside. I choose the 8500 ... 8000 area.
Very strong resistance at 10k. Retrace down to 9400...9300 area expected.
Price targets are 500+. Long oportunity in 420 area, before reaching the targets.
Correction expected, targeting 7000 and lower.
Retrace from resistace at 8000 down to 7500 area (wave iv). Move up (wave v) to 8000+ expected.
The trend started to turn down. Recent drop down to 5400 area is too deep to be a local correction and (after bounce) new lower lows (targets T1, T2 and even lower) expected. Likely, a short opportunities are in the area of fib 0.618 retrace.
Need some correction to rest the bulls.
...in the 6800...6700 area.
Two possible scenarios, up and down. With many swings from supports and resistances. If price goes over 5800, opens targets 6000 and higher. There is a very high probability to see the sell-off from 6400-6500 high. The 5200 low would probably not be a bottom in the downtrend.
Look to the previous wave patterns - they suggested the following scenario, whatever it may be. Recent correction is too deep and I expect new lows (after bounce, of course) - targeting 5500. Idea invalidates above 6100.
The 5th wave's first move (i) nears to the end and some retrace down (wave (ii)) to support 5450 expected. Or may be only to 5500. A rebound as wave (iii) targeting above 6000.
The bottom of wave 4 expected in 5420...5250 area. Wave 5th targeting to 6500 area.
Bullish bias, target 63, next 70+. Probable correlation with BTC tendencies.
Wave 3 is nearing completion. A slight retreat expected and move up to a new highs.