Bulls fail to sustain and capitalize on the bounce from sub-18K seen on Wed and The
RSI dips below 50 for first since October.
All this validates the downside break of narrowing price range seen earlier this month.
In my opinion, we are going down to the two-month bull market trendline, positioned near 17K right now. IF that is breached, a drop to 15K may be in the offing,