Bitcoin BTC failed breakout after W bottom & seven-day run

The failed breakout in BTC is to be expected after a perfect W bottom and seven-day run with higher lows all the way. It needs time to consolidate before heading higher. Bears are in control in the short term here on the hourly chart. Will see how far this pulls back. Need some higher highs and lows to change the trend.

You can't get more perfect than this W bottom and seven-day run.