Explanation at comment section
We success catch a big bearish candle 2 days ago, but bear stop at 3936 and perform sideways consolidation pattern.
Bitcoin failed to break fibonacci resistance zone (4004 - 3986), this is bad news for bullish, and we have another resistance above at 4038.
If bitcoin able to break up this resistance, bullish will continue.
the important support before bearish perform with another bearwhale at 3936.
If this support break down, bearish target at 3860 maximum at 3780.
I will try to post more quick analysis if we have new pattern.
Previous analysis :