Fortunately, we have bounced at $9,200 which is a strong resistance area and thus Bitcoin is on its wave B. $9,200 also happens to be 0.238 retracement level of the whole wave cycle that started from $6,400. I believe Bitcoin will most likely reach $9,500~$9,650 and retest the $9,200 which is the lower boundary of the uptrend channel. If it breaks out the channel or my first target ($9,200), my second target stands at $8,900, followed by my third target at $8,600.