Recently Bitcoin $BTCUSD entered a period of consolidation/correction. It retreated from a high of near 7900 to a low near 5600. For now, this is the consolidation range. BTCUSD 4H Chart(click to enlarge)Short-term Momentum:- The short-term momentum is bearish if the 4H RSI can hold below 60 and price can hold under 7000.- If this is the case, then we can anticipate another sell-off towards 5600.- Below 5600, 5000 will be a critical support. Expecting Volatility Decrease:- I think the 7900-5600 range is a result of extreme volatility, even relative to BTC, which is usually volatile.- Very likely, we will see the consolidation range get narrower. - I don't think price will reach down to 5000, and instead will converge to a range smaller than 7900-5600 before eventually breaking out into the next directional move.