Short term key level is the down (log scale), if it breaks that , I'm expecting more sentiment wich coud push the price more up towards 11-12k.
Short term: right now doing a correction which should be wave 4. When we see a succesfull bounce from the area 7600-7800, we'll be heading towards the down which can act as a resistance. Forming another correction there is very likely IMHO, before we get (hopefully) a break out towards top of the flat pattern.
Once reaching the top, its decision time: either 1 more leg down or a push straight through that level towards 16k.
If we see 1 more leg down, I'm expecting a big push to the upside after that.
Not sure yet if this was the dip but for now looks promising.
If the bounce can sustain, next stop is 9k
We're nearing the long term down trend line on log scale. Could be tough fight but I still expect a break out.