BTC Bulls have seen some great 5 min oversold bounces for some flips. We saw higher highs last night but only by about $150. This shows us bull momentum is slowing a bit. If we lose the 4 hour higher lows we will lose EMA 12 4 hour support with it. A clue will be weaker 5 min oversold bounces and we will eventually see hourly oversold conditions, which will be another bounce signal to watch for. I personally view the bulls in full control until the 4 hour uptrend is lost, then we look for healthy daily continuation. Watching to see which alt coins pick up activity if BTC volatility slows down today.
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EDIT: Lose the 4 hour uptrend and we look for CONSOLIDATION not continuation ; )