IF market retraces to interesting levels, this is a great shorting oportunity (low risk, high reward).
Nice opportunity on the king of ''store of value'' who is not able to maintain its price levels of the December mania. We are heading into resistance and as long as it holds, we should see some lower prices, especially with the upcoming weekend ahead which usually brings some even lower volume.
We could see a quite sideway move and then a very bearish move to the downside to a target price of around 9.5-10.
Personally, i don't see any signs of a reversal yet (unless we continue this bounce above 10k). Big accumulation zone is highlighted in the rectangle. The lower green trend line is a long term upward trend line that was established prior to the recent parabolic move. A correction to this level should signify a big buying, and should be enough to push us up and...