Is it a 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 .
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.
Enjoy and Safe Trade, Traders!