Last week's count seems to be valid still. We're in a wave iv correction of which we have completed wave a and have probably almost completed wave b; wave c down to follow. I don't think it will be hard down. $7000 looks like a good target. Then up for wave v towards $11k. It's a good trade to take.
The indicators:
Weekly is still overbought, starting to turn
Daily is still oversold, starting to turn
12 hour and 8 hour are moving towards overbought
3 hour is neutral
No meaningful bottom or top found with divergence
It looks very much like a correction.
I will start buying when wave c starts making new lows, but it's probably better to wait for a break of a trend line that can now be drawn over the tops of the previous wave v (orange) and wave b (orange).