I feel as per the Analysis that BTC has just started it's impulse wave 1 after the long consolidation phase. As the previous set of waves taking us to levels 5700-5800. This Run towards 8000 was a major wave action. Now what we are going through is the correction phase in which there are two possibilities.
i. We might see some more correction to .618 level of fibonacci touching the trendline of the channel to around 6800 levels and then see a movement upwards
ii. The correction we made at .5 level was final and we might see a rally towards the third wave immediately tomorrow this would be confirmed only if we get some bullish momentum tonight therefore forming a long wick with thin body.
Chances of (i) is more considering that RSI is still a bit above the 60 level it needs to take a support at 60 level and only then it will rise upward. However overall sentiment still looks bullish. But I would suggest to stay away from market and place your buy orders only above 8200 if we break it. The MACD is somewhat not giving any signs to support the analysis.
PS: This is just my analysis as to the price movement for educational purposes.