Bitcoin put in a hell of a lower wick on increased volume for the last daily candle and rallied, sort of like the stock market did.
Based on these factors we may have seen a short-term bottom and I saw that because unless price gets back above 40K there is no reason to even start talking bullish.
Maybe we get a small bounce or go sideways and up a little into 40K, either way candles like that with volume tend to be bottoms (for atleast a couple weeks) two-thirds of the time this past year.
I speak about it all in the video below...