Hi guys, Is it a bearish trend or consolidation of BTC? It is no doubt that the market is controlled by Bears, and we might see BTC will hit 8k4, even 8k2 in few days later, i think. I think the later scenario has high probability and that is a critical level since it witnessed a huge demand with big Pinbar. I think there will be a bounce back once BTC approaching this level and Bears lose the control to Bulls, so That will be a consolidation of BTC and we might see BTC rocket after.
Otherwise, if Bull is defeated at this level, 7k7 will be a significant milestone since it is 0.618 Fibo.