We didn't break through 12K so it seems momentum has been lost for now at least. A break through 12.4K will certainly be bullish and break the temporary downtrend however it seems that we are more likely to go back down for a bit. An hourly close below 11.4K would certainly confirm this.
Comment:
Seems to be the first option. Couldn't break through 12K and then we broke through 11.4K. Now at 10.8K. A significant level on the fibonacci. Break that and we could see 9.8K again
