- Similar to last rebound, candle closed above 50 then was quickly rejected.
- Also similar to last rebound, we have descending continuing throughout.
- Price holding at 850 currently.
- 850 helped slide into the cloud.
Still have the opinion we may have 1 more dump towards the 5k area within the next few days. We should know relatively soon. Expect to retest the descending black resistance line which started at 17k before final decision.
After that, still long term regardless