The 02/23/16 downfall might have a 40-50% retracement before the end of the day . followed by a little fall and then we are back on the uptrend . i don't see any reason for any more falling under 2750 CNY
. the Uptrend of last week is not dead but it need to breathe a little. we need some good news this week concerning bitcoin
world , and some bad news concerning the world markets.
If so we can expect 500 USD within the next 10 day.
If not that might be a great opportunity for the bears.