The pump today was nice, question is was this just a relief rally before going down more or was this the start to a bigger rally? BTC needs to reclaim 50k with some conviction if we are to see 53k and higher. If BTC fails to reclaim 50k I'm afraid we could see some volatility to the down side. You can see we have rejected the simple trendline and have hidden bearish divs on the rsi throughout this zone. I have spot bids at 42500 down to 37400.
