A minor setback before shooting up?

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
296 2 3
We crossed the "magic" $400 figure and even after a small correction price didn't breach that level. An upwards channel was formed on H1 and the price is currently bouncing of the lower bound - a nice buying opportunity. Unless it breaches $395-400, we're short term UP. First target: $465.
Wow, it bounced exactly from the channel bottom of the channel. This can go to $480 now.
Seems to be holding up well :)
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