We might have a micro bottom and trend reversal. Currently price action is in a descending widening wedge
. It dropped below the range briefly touching 29k. Breakout will send price back to the 37-38k region which is the point of control for the month's trading range.
I don't think the bear trend is over, and we will have to see the reaction at the point of control.
Continued drop in the descending widening wedge