Lots of selling pressure. Point of control is well below the current price. I remain bullish long-term.
There's a lot of selling pressure causing the 24h downtrend. I'm seeing this as profit taking (which isn't a bad idea). However, there are points of control around $65,000 - $66,000. I feel like for the next day we're going to hover around this range.
I think a quick regression back to $64,000 is very likely, with the bull run continuing afterward. I plan to hold through the regression.
From a long term perspective, I believe we're looking at a long exponential regression. Including the possibility of regressing back to $4500 -$4800.