This is however the second time on the 4hr chart that price has been rejected by new ATH levels, so it may take longer to consolidate current highs. Strong support remains between $17.8-18.2K. Above this support zone, price remains bullish.
A quick look now the Daily candle has come to close, the rejection earlier today on the 4hr took price down to support. Now we are looking to re-test this support. If prices breaks back below the $17.9K level, I'd expect it to return to previous lows before a bounce, or falling lower as consequence of confirming a "double top".
The Daily chart now becomes the concern, based on the aggressive bearish divergence on the RSI (price strength). After a month of price being overbought, we have now confirmed a rejection from returning to overbought levels. While price remains is bullish territory, a break below 55 could see a re-test of bearish price strength:
Price this week had the highest monthly & daily close ever - this is amazing. Price is also up 2x in the past 6 weeks - it's incredible. It's also long overdue for a deep correction.