So the lower parallel has held off the bulls and Bitcoin is still therefore under pressure. There is support at 2265 extending
down to 2222. It's trying to build a base just above 2265 but runs into problems at 2335. So far we haven't seen even a
double bottom, let alone a higher low to give a clue that downside momentum is waning - so it looks prudent to stand
aside for a while longer, at least until a higher intermediate low has been created. There is still a chance that it will break
below 2222 before it can reverse higher again. There's minor support evident at 2200 - if that gives way at any point now
Bitcoin should fall back to 2002 and just maybe a little lower still - if it comes back to 2002 I'll be looking to go long again
with stops below 1900 if price action shows that a low is forming around these levels.