Bulls have seen a very nice bounce from an oversold climax on the 4 hour chart. We are still in a 4 hour downtrend and with declining volume the bulls are losing some momentum. I believe in order to change the trend it will have to be an inverse head and shoulders. Remember if the 4 hour trend changes, we zoom out to the daily and look for a lower high on that time frame. Bears are looking to enter at EMA resistance for the 4 hour lower high. I personally had a solid BTC bid at $7,411 which missed by about $16. While it is a bummer, I lost $0 and I just sit back and wait for the next trade opportunity. Remember, there is ALWAYS another trade out there in one market or another.