BTC correction either stops here at 7500 or goes to 6500-6600

Counting Elliott waves. What I don't know is whether that ABCDE formation is wave 4 of the larger scale EW (main count, and we it goes up from here), or just the wave 4 of wave 3 inside that "main" EW.

I'll update the idea with the second scenario in a moment!

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Here is the more bearish scenario.

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Shorts are closing, and longs are getting stronger (lowest indicator, red is shorts RSI, green is longs RSI from bitfinex)