In my opinion the drop to 5100 was a reassuring to what I had thought would of happened days ago ....we needed a shake out of all the FOMO traders after the 5k mark .... people moving all of their portfolio into BTC was a nice thing to see but also a scary thing and I am not surprised by this drop after the drop below 5400 seeming as thats when alot of weak hands had joined in... As far as my TA goes I found the 5275 point and the 5400 point the most interesting as to where we go from here. We are back on the uptrend after the 5100 bounce and Im not bullish yet until we break my downtrend line. STAY tuned
Trade active:
4hr chart showing possible inverted hammer ...let the games begin