We're starting to see consolidation waves in bitcoin
price, but we need to see if the $8K range can hold or not. There is risk here in that if $8K support is broken, the next support is closer to $4K. If you're holding, then watch the next few weeks to see how things develop. If you're not in the trade yet, then wait to see if BTC
continues to support itself and buy the breakout. It's not on my chart, but the 200DMA is currently at around $7600. If the 200DMA is broken, there is a strong likelyhood we will continue to fall <$6K until support is found closer to $4K. This would show structural weakness in the price, and thus patience is needed right now to ensure support is held.