1. BTC retraces to the top of the trend channel (Targets of 5600/5800 USD)
2. BTC bounces off the midline and falls through the bottom of the channel bouncing off a weak upward at 4350 before hitting its strong support around 3750.
In the general market sentiment is weakening. many alt coins are approaching oversold and long term resistances. We recommend keeping at least 50% of capital out of the market at this time. Scalpers can enter now targeting 5400/5600/5800.