As you can see on the 1h chart, an XABDC pattern, commonly known butterfly pattern appeard. In this situation thi is a bullish XABCD pattern which predicts in many cases a price drop. The overbought value of the RSI also support the bullish theory. I expect a price drop to $1440 support area. This is a short therm view, on long therm we could see a higher drop even towards $1250-1300