I gave this consolidation after the first leg down a bit of time to show if the strength of the bear was alive and well. It's been about 20 days since the breakdown happened and I'm convinced we've reached a cycle low of 7.7k which was tested 3 times already. A rally above 8.8k and close would be solidification of the fact. Price action here on the 1H and the daily chart
of the bear market $3k chop look eerily similar. I suggest whoever views this to look and come to your own conclusion. Liquidity in this range is at the highest it's ever been, a lot of Bitcoin's are exchanging hands here. I'm one of the buyers here for sure.