Nothing has changed since the BTC TA yesterday. We are still at the same level of 3240 holding a very strong area of support. We had a fairly strong sell push yesterday to try and push the price to under 3240 but it failed. Now the volume has relaxed, possibly due to seller exhaustion or the bears are holding out for a weaker window.
I would not be surprised to see BTC trade sideways until Sunday or Monday (or even go up to the neckline at around 3340) before making another push down. The intersecting support lines at the 3240 range is simply proving to be too strong to break, but the double support will be weakened over the next few days as the lines move away from each other into two separate weaker support lines that the bears can fight one at a time as opposed to both at the same time like they are doing now.
With all this said, volume is extremely low as it is. There are buy orders up in the 3k-3200 range that are very strong. It is very possible we’ve seen the bottom, but no one knows for sure. All we need is for the bulls to step in and start moving us up. It would not take a whole lot to do that at this point.