We had a nice move up to the upper 6k range, which is usually a major distribution zone and we saw that once again.
Now after falling about 30% back down, we retested the daily 200ma and held it! (for now). I would hope to see a nice push up because of this to the 5600-5800 range.
Consider this a higher risk trade this time and set tight stops. Especially because of the activity with bitcoin over the last weeks.
Take luck friends!
Potential buy here on the daily 200ma. Would sell around 5200. Seems stuck for now.