Bullish Case:
Bearish Case:
One calculated scenario based on the data: Possible move to 42k then failure and push to lower lows
- Good volume
Some strong bullish hammer candles
Minor consolidation over the past couple days
Bearish Case:
- Continuation of lower highs and lower lows so far
Failure of 21 ema to act as support yet
Not a fundamentally strong bottom reversal
One calculated scenario based on the data: Possible move to 42k then failure and push to lower lows
Note
Next 4-hr candle to find support and close at $37,300 or 
42K bounce becomes less likely and we just have continuation downward.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.