Period of consolidation highlighted by the orange box with of range of $3700 - $3500 will most likely break as we transition into next week. I expect either break to the upside or downside will result in a sharp move of at least $400, factoring in the previous 12.5% dump on the 9th of Jan and 4h RSI recently turning oversold. I am inclined to be bearish here, however, this would be the perfect time for a short time bear trap that would result in prices spiking to the upside and re-testing the overhead resistance around $4000, which also so happens to be the current visible range POC level. If the current period of consolidation breaks to the downside and our stop level at $3500 is triggered I will enter into a small short hedge, with intentions to re-buy my long positions below $3150.