As the 4hr EMA ribbon flips bearish, Bitcoin is facing consolidation similar to the last time it flipped. If this bearish scenario repeats, we could see a 14% dump to the $33,000 level. Despite this bearish pattern, some signs of hope can be seen for the bulls.
Right before the last pump, the price fell below the recent point of control on the VPVR, and experienced similar consolidation.
The 14 RSI crossing the 20 MA on the 4hr is a good sign, but there needs to be more volume