It's worth mentioning that the okcoin futures trading volume has risen considerably, and trading those contracts involves holding BTC, so that is inherently a bullish sign.
https://www.okcoin.com/future/futureTop.do?type=1&symbol=0 - 68% of the positions are long.
Currently around 890.000.000usd worth of futures contracts are open.
We might see a failure on the bullish side this time, shorting opportunities are likely to appear.
I'm keeping my eyes on BTC, but not holding my breath. The recent bearish events on the daily and 4h timeframes may just be part of a more complex sideways correction, so I'm not discarding the possibility of testing higher highs before continuing with the decline.