I feel like we are about to see a period of sideways action with a range of 6200-7200. This to me would be a healthy thing vs a defined bull/bear market. It will weed out some of the weaker holders and allow new money into the system without the panic of FOMO type buying that had been happening. The FOMO buyers tend to cause massive swings as they panic sell just as they panic purchased.

With a sideways movement for a period of another 45-90 days I feel it will create a very strong support floor.