As i mentioned yesterday, $8,240-$8,300 level is quite heavy resistance on the logged scale chart and it's ongoing correction waves by this resistance.
And now, I believe BTCUSD reached a most critical moment for recent days!
At the 1hr chart, it seems to be a small triangle! If the short-term convergence keep going, the future trend of the price level will be determined at the end of the convergence!
If the market occurs, it could challenge $11,600 again. But if the market happens, $4k would be possible. Okay, it's likely to be a huge turning point of the BTCUSD!