BTC doing the thing it always does up and down is currently at the .618 level from the swing high and lows from the previous days. Bullish momentum here could signal a reach for higher prices above the .618, if price reacts this way we could see the .618 act as support. On the other hand if BTC gets rejected at the purple line we should see prices trend further towards the downside
Comment:
a bit of consolidation beneath the level, a pause from such a strong move upwards from the bottom of the range.