Look at a 1.5 year chart and put the neckline in for the head and shoulders top. Best longs can hope for is a retest of the broken support ~18dma. Until that H/S measured move is taken care of, technicals will not be in favor of continuation rally. Most will look to re-short at resistance.
Short answer, cover bounce. Don't see a reason to be bullish. Crypto Flashed, pay attention as you saw things like this leading to 2008 crash. Your job is to be ready for it when/if it happens.
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