So, the initial scenario seems to confirm, but we did not retrace wave 4 as low as I've expected. I kinda doubt we are still in wave 3, although patterns are not quite clear. The hidden bearish divergence on the daily chart was invalidated, but there still exists one at a larger scale, so I reiterate there will not be a full bullish breakout below $9000. Bulls tried hardly to prevent bear cycles to begin, but a lower retrace is still due, this is why the cup-and-handle pattern didn't yet break out; combined with the Elliott wave about to get to an end.