I was talking to a crypto guy recently about this, he was determined that 'the great bull run' was finally underway, and I suggested it looks more like its about to retrace from 50% of the high in March, when it peaked at $11500 or so.

I think the likely target would be exactly where you said, I'd have a buy order waiting around $6700 with the stop loss as you suggested.

But apparently crypto is on the way to the moon now so better call the Lambo garage and buy one before they're sold out... :-)