#Bitcoin analysis ahead of the thanks giving holiday

After breaking the massive weekly support level at the $18000 zone after the FTX news, bitcoin has been consolidating under this support level in the form of a triangle continuation pattern. After breaking down below the triangle, BTC managed to break back into the triangle but seems to have found resistance at the intersection of the 50dma (4hr) & the high volume node of this consolidation between $16500-16700 overnight. a 4hr close back below this $16400 level should see the triangle breakdown back in play with my targets in the region of $14500.