BITCOIN Oversold Bounce Looks To Finish -- Potential For A Couple More Days Of Sideways Action

Bitcoin saw a tiny bounce play out after pulling back and hitting oversold levels on the 4-hr RSI. We're now looking at the third day since the bounce off of support, and it's seeming like there's a lot of bears lining up waiting to bounce.

Again, nothing indicating a longer change to bull momentum, so bears definitely still have the edge here.

Short support is at $3,337. Likely this is breaking and we will test $3,130 and $3,000.

The last few moves after a bear pullback have consolidated for 4-5 days, so we could still see another day or two of trading before a test of supports happen.

Hope everyone has a great day!