$BTC entered like a beast, gaining 10% and immediately after losing 7%. Is the market still bullish, or did the trend just turn bearish? It was quite the entry into the new year! Lots of over-leveraged traders got wiped out – liquidated.

Others took losses, and probably some still hold onto their positions, believing in the bullish thesis. Moves like these give good technical analysis data to look at, so let’s unpack it!