BTC is range bound.. not sure where it wants to go, but this is pretty good consolidation in this price range where we didn't say many days of trading at this price so this is certainly establishing some good support here in the 7400-8800 area..
We do see a H&S on the 1hr chart so i do think this can pull back and re-test the resistance trend-line that acted as support on the first re-trace (yellow line)